Energy News / Shareholders Foundation, Inc.

NYSEAMERICAN: GLF Shareholder Alert: Investigation of Takeover of Gulfmark Offshore, Inc.

Via: ReleaseWire

Updated 12:00 PM CDT, Fri, July 20,2018

An investigation on behalf of investors of Gulfmark Offshore, Inc. (NYSEAMERICAN: GLF) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 07/20/2018 -- An investigation was announced concerning whether the takeover of Gulfmark Offshore, Inc. by Tidewater Inc is unfair to NYSEAMERICAN: GLF stockholders.

Investors who purchased shares of Gulfmark Offshore, Inc. (NYSEAMERICAN: GLF) and currently hold any of those NYSEAMERICAN: GLF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Gulfmark Offshore, Inc. breached their fiduciary duties owed to NYSEAMERICAN: GLF investors in connection with the proposed acquisition.

On July 16, 2018, Tidewater Inc. (NYSE: TDW) and GulfMark Offshore, Inc. (NYSE: GLF) announced that the Boards of Directors of both companies have unanimously approved an agreement to combine the two companies. 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, representing approximately $33.68 per share.

However, given that at least one analyst has set the high target price for NYSEAMERICAN: GLF at $42.00 per share, the investigation concerns whether the offer is unfair to Gulfmark Offshore, Inc. (NYSEAMERICAN: GLF stockholders. More specifically, the investigation concerns whether the Gulfmark Offshore, Inc. (NYSEAMERICAN: GLF Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On July 19, 2018, NYSEAMERICAN: GLF shares closed at $34.36 per share.

Those who are current investors in Gulfmark Offshore, Inc. (NYSEAMERICAN: GLF) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseamerican-glf-shareholder-alert-investigation-of-takeover-of-gulfmark-offshore-inc-1014746.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com