Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Hvide Marine HMAR - High Growth, Undervalued -- Ignore unavailable to you. Want to Upgrade?

To: michael meyers who wrote (71)	12/3/1997 9:17:00 AM
From: Roader	Respond to of 547

Hvide Marine/Buy -2: Fleet To Add About $90M In Revs Dow Jones News Service via Dow Jones FORT LAUDERDALE, Fla. (Dow Jones)--Hvide Marine Inc. (HMAR) signed a definitive agreement to acquire the 36-vessel offshore energy support fleet from Care Group for about $284 million. In a press release Tuesday, Hvide Marine said the accretive transaction is expected to close in the first quarter of 1998. The vessels are expected to add about $90 million in revenues in the first full year of operation. The vessels being acquired include 22 anchor handling tug supply boats, seven anchor handling tugs, three platform supply vessels, three crewboats and one survey vessel. Care Group is a privately held oil, gas and mineral exploration company. Hvide Marine is an international marine support and transportation services company. (END) DOW JONES NEWS 12-02-97