NEW ORLEANS and DALLAS, March 31 /PRNewswire-FirstCall/ -- Tidewater Inc.
(NYSE: TDW) and ENSCO International Incorporated (NYSE: ESV) jointly announced
today that Hart-Scott-Rodino clearance had been obtained and all other
conditions to closing have been satisfied with respect to the previously
announced sale by ENSCO of its 27-vessel Gulf of Mexico fleet to Tidewater.
The transaction is expected to be completed as of 12:01 a.m., Tuesday,
April 1, 2003.
Statements contained in this press release that state company or
management intentions, hopes, beliefs, expectations, anticipations,
projections, or predictions of the future are forward-looking statements.
Such forward-looking statements include references to the anticipated
transaction closing. It is important to note that actual events could differ
materially from those projected in such forward-looking statements. The
factors that could cause actual results to differ materially from those in the
forward-looking statements include the following: (i) industry conditions and
competition, (ii) operational risks and insurance, (iii) the impact of current
and future laws and government regulation, as well as repeal or modification
of same, affecting the service vessel industry in general and the Company's
vessels and operations in particular, (iv) force majeure events, (v) non-
compliance with certain representations, guarantees and covenants, and (vi)
the risks described from time to time in the Company's SEC filings. Copies of
such filings may be obtained by contacting the Company or the SEC.
The Company disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements to reflect any change
in Company or management expectations or any change in events, conditions or
circumstances on which any such statements are based.
ENSCO, headquartered in Dallas, Texas, provides contract drilling and
marine transportation services to the international petroleum industry.
SOURCE ENSCO International Incorporated
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Related links:
http://www.enscous.com
CONTACT:
Richard LeBlanc of ENSCO International
Incorporated, +1-214-397-3011
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