Tidewater Eyeing Superior Offshore Assets

Thursday, April 10, 2008

The CEO of Tidewater Inc said his company is evaluating assets from Superior Offshore International which last week warned of limited liquidity, Reuters reported
said the process was in the very early stages for Tidewater, which is the world's largest provider of offshore supply boats to the energy industry.
On April 1, Superior Offshore, which provides subsea construction and commercial diving services, said it hired the investment back of Tudor, Pickering, Holt & Co. to explore strategic alternatives, including a possible sale.

Source:  Reuters

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