Schuff International, Inc. (SHFK) - OTCPK - No Info
  • Sep. 23, 2014, 3:04 PM
    • The latest deal for the Phil Falcone vehicle is the purchase of Global Marine - a provider of engineering and underwater services for subsea cable installations - for an enterprise value of $260M after assuming the company's debt.
    • The deal was funded through a senior secured facility provided by Jefferies, and a private sale of convertible preferred stock.
    • The capital raise also gives HC2 (OTCQB:HCHC +3.4%) the funds needed to complete its tender for the 30% of shares of Schuff International (OTCPK:SHFK) it doesn't already own.
    • Previously: HC2 extends tender offer for Schuff International
    | Sep. 23, 2014, 3:04 PM
Company Description
Steel Fabrication and Erection for commercial and industrial construction.
Sector: Financial
Industry: Diversified Investments
Country: United States