JL Holloway, Chairman, CEO and President of Friede Goldman Intl. Foresees Benefits in the Merger of Friede Goldman Intl. and Halter Marine
biz.yahoo.com
Monday October 4, 4:36 pm Eastern Time
Company Press Release
ROUND ROCK, Texas--(BUSINESS WIRE)--Oct. 4, 1999--In an exclusive Offshore Drilling Bits interview, JL Holloway, Chairman, CEO and President of Friede Goldman Intl. states, ``The merger of Friede Goldman Intl. (NYSE:FGI - news) and Halter Marine (NYSE:HLX - news) creates a combined company that will provide the oil and gas community with a single U.S.-based entity that can design, build and equip virtually every type of offshore drilling rig, production facility or service vessel required by the industry.'
Mike Simmons, founder and editor of the Offshore Drilling Bits comments, ``Over the past few months we have witnessed a company whose stock has declined by nearly fifty percent; in large part because it is misunderstood. This misunderstanding, combined with an unfortunate string of events as outlined in last week's Offshore Drilling Bits, has created a unique value opportunity for those investors that will take the time to get to know this new company.'
To receive the Oct. 3, 1999, issue of the Offshore Drilling Bits, including the full text of the 20 Question interview with JL Holloway, visit their Web site at atoffshore.com and check out a free two-week trial. |
