- 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.