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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (4312)	12/3/1997 10:17:00 AM
From: Grommit	Read Replies (1) \| Respond to of 95453

HMAR had a nice announcement today. FORT LAUDERDALE, Fla., Dec. 2 /PRNewswire/ -- In a major expansion of its international operations, Hvide Marine Incorporated (Nasdaq: HMAR - news) today announced the signing of definitive agreements to acquire the 36-vessel offshore energy support fleet of the Isle of Jersey-based Care Group. The transaction is valued at approximately $284 million and is expected to close in the first quarter of 1998. ''This is a first-class fleet and our single biggest expansion to date, giving us access to new markets in West Africa, South Africa, Argentina and the North Sea,'' commented J. Erik Hvide, Chairman, President and CEO. ''It also adds critical mass to our operations in Southeast Asia and represents a further consolidation of the worldwide oilfield services business. Best of all, the transaction is accretive to our shareholders and offers the prospect of attractive economic returns.'' .............. quote.yahoo.com (TMAR, CKH are up a bit also, maybe influenced by HMAR's move.) HMAR SI thread: Subject 16495