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Posted On: 08/06/2018 9:50:52 AM
Post# of 36224
$GLF
GulfMark Offshore gets merger proposal from Harvey Gulf
Gulfmark Offshore (NYSEMKT:GLF) says it has received of a non-binding, unsolicited proposal to acquire Harvey Gulf Corp., which emerged from bankruptcy on July 2 as a private company.
Harvey Gulf‘s proposal letter says its enterprise value is $900M, implying a total equity value of $595M based on its reported $305M of outstanding net debt; GLF would own 41.2% of the combined company in the proposed deal.
GLF's board says it continues to believe that Tidewater's (NYSE:TDW) merger offer is in the best interest of shareholders.
GulfMark Offshore gets merger proposal from Harvey Gulf
Gulfmark Offshore (NYSEMKT:GLF) says it has received of a non-binding, unsolicited proposal to acquire Harvey Gulf Corp., which emerged from bankruptcy on July 2 as a private company.
Harvey Gulf‘s proposal letter says its enterprise value is $900M, implying a total equity value of $595M based on its reported $305M of outstanding net debt; GLF would own 41.2% of the combined company in the proposed deal.
GLF's board says it continues to believe that Tidewater's (NYSE:TDW) merger offer is in the best interest of shareholders.
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