Tidewater Announces the All-Cash Acquisition of Wilson Sons Ultratug Offshore

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) ("Tidewater†) today announced that it has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, "WSUT†) at an enterprise value of approximately $500 million, including the assumption of WSUT's existing debt (the "Transaction†). Strategic Rationale Quintin Kneen, Tidewater's President and Chief Executive Officer, commente ...