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Tidewater, Gulfmark shareholders approve merger deal

Nov. 15, 2018 3:57 PM ETTidewater Inc. (TDW) StockBy: Carl Surran, SA News Editor
  • Shareholders of Tidewater (NYSE:TDW +4.9%) and Gulfmark Offshore (GLF +5.9%) seal their merger with an overwhelming vote in favor of the proposed $1.25B tie-up of the oilfield services firms.
  • TDW says more than 99% of the shareholders approved the deal, setting the stage for the transaction to close following today's market close.
  • The combined company will have the industry's largest fleet and the broadest global operating footprint in the offshore support vessel sector.

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