Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bob A Louie who wrote (5649)	12/18/1997 7:04:00 PM
From: Lucretius	Read Replies (1) of 95453

NEW YORK, Dec 18 (Reuters) - Castle Harlan Inc, a merchant bank, said Thursday that an investment partnership it manages has signed a definitive agreement to acquire a unit of Tidewater Inc for $360 million. Terms were not disclosed. The bank said the partnership is acquiring Tidewater Compression Inc, a division that is based in Houston and is a provider of natural gas compression equipment and services, primarily to the energy industry. Castle Harlan managing director Jeffrey Siegal said in a statement that Tidwater Compression's management is to remain in place. Castle Harlan said it expects to support the company with "substantial growth capital." 17:47 12-18-97 Somebody is buying! -Lucretius

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