RDC - Thoughts On Tidewater-GulfMark Merger
Tidewater (TDW) and GulfMark (GLF) have just filed a definitive proxy statement regarding their upcoming merger. Both stocks have recently seen a sudden spike and have already returned to previous levels. Now, we have a chance to evaluate some real data on the merger, namely the financial projections for both companies.
As those who followed the story know well, GulfMark had a competing proposal from Harvey Gulf. As per the contents of the form 424B3, Harvey's proposition was found inferior to Tidewater's due to various factors, including Harvey's focus on