|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||31.15 - 32.28|
|52 Week Range||23.52 - 36.09|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.25|
Before the deal could move forward, GulfMark had to review an unsolicited merger proposal from another company.
Tidewater Inc. (TDW) (“Tidewater”) and GulfMark Offshore, Inc. (GLF) (“GulfMark”) announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange Commission (the “SEC”) regarding the pending business combination pursuant to which Tidewater has agreed to acquire all of GulfMark’s outstanding shares in a stock for stock exchange. Both companies’ Boards of Directors continue to unanimously recommend that stockholders vote “FOR” the associated proposals to effect the business combination as presented in the joint definitive proxy statement and prospectus. Under the terms of the all-stock agreement, GulfMark stockholders will receive 1.100 shares of Tidewater common stock for each share of GulfMark common stock held by them.
The stock market today was on track for the first gain in the major indexes in four sessions. [ibd-display-video id=3795710 width=50 float=left autostart=true] Defensive plays — such as tobacco, medical care and utilities — led the gainers.
The market sought direction Tuesday, with the main stock indexes unable to sustain a clear path, while a few top stocks made sell signals. The Nasdaq composite rose 0.1% while the S&P 500 and Dow Jones industrial average fell about 0.
Tidewater Inc. announced today that John T. Rynd, President, CEO and Director, will present at the Pareto Securities Oil & Offshore Conference in Oslo, Norway on Thursday, September 13, 2018, at approximately 11:10 a.m.
NEW YORK , Sept. 4, 2018 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in GulfMark Offshore, Inc. (NYSE: GLF), concerning the proposed acquisition of GulfMark by Tidewater ...
Tidewater Inc. announced today that John T. Rynd, President, CEO and Director, will present at the 2018 Barclays CEO Energy-Power Conference in New York, New York on Thursday, September 6, 2018, at approximately 9:45 a.m.
NEW YORK, Aug. 14, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following ...
NEW YORK, NY / ACCESSWIRE / August 14, 2018 / Tidewater Inc (NYSE: TDW ) will be discussing their earnings results in their Q1 Earnings Call to be held on August 14, 2018 at 11:00 AM Eastern Time. To listen ...
On a per-share basis, the Houston-based company said it had a loss of 44 cents. Losses, adjusted for non-recurring costs and asset impairment costs, were 32 cents per share. The offshore energy services ...
HOUSTON , Aug. 13, 2018 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a net loss for the three months ended June 30, 2018 , of $10.9 million , or $0.44 per common share, on revenues of $105.6 ...
Investors and interested parties may listen to the teleconference via telephone by calling 1-888-771-4371 if calling from the U.S. or Canada (1-847-585-4405 if calling from outside the U.S.) and ask for the "Tidewater" call just prior to the scheduled start. A replay of the conference call will be available beginning at 12:00 p.m. Central Time on August 14, 2018, and will continue until 11:59 p.m. Central Time on August 16, 2018. To hear the replay, call 1-888-843-7419 (1-630-652-3042 if calling from outside the U.S.). The conference call ID number is 47353238. A simultaneous webcast of the conference call will be available online at the Tidewater Inc. website, www.tdw.com. The online replay will be available until September 14, 2018.
GulfMark Offshore, Inc. (“GulfMark”) (GLF) today confirmed that it has received a non-binding, unsolicited proposal from HGIM Corp. (“Harvey Gulf”) to combine the companies through a merger in which GulfMark would acquire Harvey Gulf, with the combined company remaining publicly listed. Pursuant to the Harvey Gulf proposal, GulfMark stockholders would own 41.2% of the combined company. Harvey Gulf‘s proposal letter represents that Harvey Gulf’s enterprise value is $900 million, a valuation that has not been validated at this time by GulfMark, and which would imply a total Harvey Gulf equity value of $595 million based on Harvey Gulf’s reported $305 million of outstanding net debt.
NEW YORK, July 31, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following ...
Baker Hughes, a GE Company (BHGE), published its US natural gas rigs report on July 27. Baker Hughes reported that US natural gas rigs decreased by one to 186 on July 20–27—the lowest level since March 2. Natural gas targeted rigs have also decreased by six or ~3.1% year-over-year.
NEW YORK, July 24, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following ...
NEW ORLEANS , July 24, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
As of July 19, ION Geophysical’s (IO) implied volatility was ~68.7%. ION Geophysical’s first-quarter earnings were announced on May 2. Since then, the company’s implied volatility has decreased from ~71% to this level. Since May 2, ION Geophysical’s stock price has decreased 16%. The implied volatility points to a stock’s potential movement as viewed by investors.
NEW YORK, July 18, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of GulfMark Offshore, Inc. ("GLF" or the "Company") (GLF) in connection with the proposed acquisition of the Company by Tidewater Inc. ("TDW") (TDW). Under the terms of the merger agreement, GLF shareholders will receive 1.10 shares of TDW for each GLF share they own. This represents consideration of $33.68 per share, based on TDW's July 13 closing price of $30.62. WeissLaw is investigating whether GLF's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $42.00 per share, or $8.32 above the consideration. Additionally, the Company recently announced positive financial results for the three-month period ending March 31, 2018, reporting sequential growth of 13% in average day rates.