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Offshore oil, gas support companies Tidewater, GulfMark complete merger

Nov 19, 2018 - SNL Energy Finance Daily

Tidewater Inc. closed its merger with GulfMark Offshore Inc., resulting in a combined company under the Tidewater name that controls the largest fleet of offshore oil and gas exploration and production support vessels in the industry.

Over 99% of votes cast by Tidewater and GulfMark shareholders were in favor of the merger deal, according to a Nov. 15 news release. As of the market close Nov. 15, GulfMark no longer trades on the New York Stock Exchange.

Following the deal completion,...