Arendal, S. De R.L. De C.V. completed the acquisition of HOC Offshore S. de R.L. de C.V. and Tiburón Ingeniería y Construcción from Cal Dive International Inc (OTCPK:CDVI.Q) and Affiliated Marine Contractors, Inc.
July 28, 2015 at 12:00 am
Share
Arendal, S. De R.L. De C.V. made a bid to acquire HOC Offshore S. de R.L. de C.V. and Tiburón Ingeniería y Construcción from Cal Dive International Inc (OTCPK:CDVI.Q) and Affiliated Marine Contractors, Inc. for $4.5 million on July 22, 2015. Post-closing, appointment of new Directors of the HOC Offshore and Tiburón Ingeniería will be determined by Arendal, S. De. The transaction is subject to regulatory and bankruptcy court approval. Arendal, S. De R.L. De C.V. entered in a agreement to acquire HOC Offshore S. de R.L. de C.V. and Tiburón Ingeniería y Construcción from Cal Dive International Inc (OTCPK:CDVI.Q) and Affiliated Marine Contractors, Inc. on July 23, 2015. The transaction has been approved by bankruptcy court on July 24, 2015. Daniel S. Shamah, Andrew Parlen, Suzzanne S. Uhland and George A. Davis of O'Melveny & Myers LLP and Mark D. Collins of Richards, Layton & Finger, P.A. acted as legal advisors to Cal Dive. Pedro A. Jiménez, Manuel Romano, Enrique Martín, Luis Vélez, Jessica Mendoza, Salvador Gallo, Fernanda Valdés and Scott Schwind of Jones day acted as legal advisors to Arendal, S. De R.L. De.
Arendal, S. De R.L. De C.V. completed the acquisition of HOC Offshore S. de R.L. de C.V. and Tiburón Ingeniería y Construcción from Cal Dive International Inc (OTCPK:CDVI.Q) and Affiliated Marine Contractors, Inc. on July 28, 2015.
Cal Dive International, Inc. (CDI) is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. CDI offers its customers services on an integrated basis for more complex offshore projects. Its footprint encompasses operations on the Gulf of Mexico Outer Continental Shelf (OCS), the North-eastern United States, Latin America, Southeast Asia, China, Australia, the Middle East and the Europe. It provides marine contracting services to support the entire production lifecycle of the offshore oil and natural gas industry. Its customers include independent oil and natural gas producers, pipeline transmission companies and offshore engineering and construction firms. The Companyâs fleet offers services in all phases of the production lifecycle of the offshore oil and natural gas industry.
Arendal, S. De R.L. De C.V. completed the acquisition of HOC Offshore S. de R.L. de C.V. and Tiburón Ingeniería y Construcción from Cal Dive International Inc (OTCPK: CDVI.Q) and Affiliated Marine Contractors, Inc.
marketscreener.com**derivatives**en**/dynamic-chart/**Premium**Expert**Access**Annual**Monthly**-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.**#000000**/services/solutions/**#fff826**#ff3000**#ffffff**BENEFIT NOW**0**linear-gradient(180deg, rgba(42,73,76,1) 0%, rgba(28,30,51,1) 53%);**linear-gradient(180deg, rgba(255, 248, 38,1) 0%, rgba(247, 239,1) 53%);**date_fin_hors_prolongation**49**on all our subscriptions**