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

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.