.
MergerLinks Header Logo

New Deal


Announced

Seafox International to acquire Gulf Marine Service for $32m.

Financials

Edit Data
Transaction Value£25m
Consideration TypeCash
Capital Owned14%
Capital Bid For86%
EV/Sales-
EV/EBITDA-
Share Price Premium257%
One Off Charge-

Tags

Edit

Majority

Marine Transportation

Pending

Acquisition

Public

United Arab Emirates

Hostile

marine services

Single Bidder

Synopsis

Edit

Seafox International, a company within the offshore industry, offered to acquire Gulf Marine Service, an operator of self-propelled and self-elevating support vessels, for $32m. Seafox said in a separate statement it was requesting shareholders to support its proposal as it offers a substantial premium and certainty amid the challenges GMS faces. The company holds a 13.7% stake in Gulf Marine.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US