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Tidewater Inc (TDW)

TDW on New York Consolidated

27.71USD
18 Jan 2018
Change (% chg)

$0.05 (+0.18%)
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$27.66
Open
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Volume
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$81.68
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Latest Key Developments (Source: Significant Developments)

Tidewater says Co And a U.S. Shipyard It Was In Dispute With Entered Settlement Agreement - SEC Filing
Wednesday, 29 Nov 2017 04:26pm EST 

Nov 29 (Reuters) - Tidewater Inc ::TIDEWATER - ‍ CO AND A U.S. SHIPYARD IT WAS IN DISPUTE WITH ENTERED SETTLEMENT AGREEMENT EFFECTIVE NOV 22, TO RESOLVE ALL DISPUTES RELATED TO VESSELS​.TIDEWATER SAYS CO WILL RECEIVE A CREDIT OF $233,000 AGAINST CONTRACT PRICE DUE TO ACTUAL DEADWEIGHT BEING UNDER DEADWEIGHT GUARANTIES - SEC FILING.TIDEWATER INC - FINAL INSTALLMENT FOR FIRST PSV IS $4.3 MILLION.TIDEWATER INC - SECOND PSV IS EXPECTED TO BE DELIVERED ON OR BEFORE JUNE 2018. REMAINING INSTALLMENT PAYMENT FOR SECOND PSV, IN AGGREGATE, IS $4.9 MILLION.TIDEWATER INC - COMPANY AGREED TO REIMBURSE SHIPYARD FOR CERTAIN COSTS AND EXPENSES OF THIRD PARTY VENDORS TO COMPLETE CONSTRUCTION.TIDEWATER - ‍AS PART OF OVERALL SETTLEMENT, THE SHIPYARD PROVIDED CO WITH A $250,000 DRYDOCK CREDIT FOR ANY FUTURE DRYDOCKING SERVICES TO BE PROVIDED​.  Full Article

Tidewater says entered letter agreement with Fifth Third -SEC filing​
Wednesday, 29 Nov 2017 10:29am EST 

Nov 29 (Reuters) - Tidewater Inc ::SAYS ‍ON NOV 28, 2017, CO ENTERED INTO LETTER AGREEMENT WITH FIFTH THIRD THAT SETTLED AND RESOLVED ITS SALE LEASEBACK CLAIM -SEC FILING​.SAYS ‍PURSUANT TO LETTER AGREEMENT, FIFTH THIRD WAS PERMITTED AN ALLOWED CLAIM OF $67.5 MILLION​.  Full Article

Tidewater reports Quarterly loss per share $0.81
Wednesday, 8 Nov 2017 05:16pm EST 

Nov 8 (Reuters) - Tidewater Inc ::Tidewater reports results for the three months ended september 30, 2017.Quarterly revenue $74.3 million.Quarterly loss per share $0.81.  Full Article

Tidewater announces executive leadership changes
Monday, 16 Oct 2017 08:35am EDT 

Oct 16 (Reuters) - Tidewater Inc :Tidewater announces executive leadership changes.Tidewater Inc - ‍Jeffrey M. Platt has elected to retire effective October 15, 2017 from his roles as ceo, president, and a director of Tidewater​.Tidewater Inc - ‍Board of directors has appointed Larry T. Rigdon as its interim chief executive officer and president, effective immediately​.Tidewater Inc - ‍Board has formed a search committee to identify a permanent successor CEO and President​.  Full Article

Tidewater announces intent to list Series A and Series B Warrants on NYSE
Friday, 29 Sep 2017 05:04pm EDT 

Sept 29 (Reuters) - Tidewater Inc :Tidewater announces intent to list Series A and Series B Warrants on NYSE.Tidewater Inc - ‍notified New York Stock Exchange of its intent to list its Series A Warrants and Series B Warrants on NYSE​.  Full Article

Tidewater enters into letter agreement with PNC Equipment Finance, Massmutual Asset Finance
Monday, 21 Aug 2017 06:36am EDT 

Aug 21 (Reuters) - Tidewater Inc :Tidewater - on Aug 17, co entered letter agreement with PNC Equipment Finance, Massmutual Asset Finance Llc that settled, respective sale leaseback claims.Tidewater Inc - pursuant to letter agreement, PNCEF, Massmutual were permitted allowed sale leaseback claims of $14.9 million and $9.2 million respectively.  Full Article

Tidewater Q1 loss per share $11.13
Tuesday, 8 Aug 2017 05:17pm EDT 

Aug 8 (Reuters) - Tidewater Inc :Tidewater reports first quarter results for fiscal 2018.Q1 loss per share $11.13.Q1 revenue $115.1 million.Q1 earnings per share view $-43.17 -- Thomson Reuters I/B/E/S.Tidewater Inc says company will not be hosting an earnings conference call to discuss Q1 fiscal 2018 financial results.Tidewater Inc - ‍expect to resume holding quarterly earnings conference calls to report our Q2 fiscal 2018 financial results​.Tidewater - ‍included in net loss for quarter was $313.2 million ($313.2 million after-tax, or $6.65/share) of reorganization items related to Chapter 11 proceedings​.  Full Article

AIG reports 12.2 pct passive stake in Tidewater - SEC filing‍​
Friday, 4 Aug 2017 12:54pm EDT 

Aug 4 (Reuters) - American International Group Inc ::American International Group Inc reports 12.2 percent passive stake in Tidewater Inc as of August 1, 2017 - SEC filing‍​.  Full Article

Tidewater announces confirmation of plan of reorganization
Thursday, 13 Jul 2017 03:43pm EDT 

July 13 (Reuters) - Tidewater Inc :Tidewater announces confirmation of plan of reorganization.Tidewater Inc - ‍court has confirmed second amended joint prepackaged chapter 11 plan of reorganization of Tidewater and its affiliated debtors.Tidewater Inc says company's existing shares of common stock will be cancelled as of effective date.Tidewater Inc - company expects that Judge Brendan L. Shannon will enter a written confirmation order within next few business days.Tidewater Inc - company and sale leaseback parties are not in agreement with respect to allowed amount of claims of sale leaseback parties​.Tidewater Inc - ‍working to complete remaining steps necessary to emerge from bankruptcy by end of this month​.Tidewater -existing common stockholders will receive their pro rata share of common stock representing 5% of pro forma common equity in reorganized Tidewater.Tidewater Inc says existing common stockholders will get six-year warrants to purchase additional shares of common stock of reorganized Tidewater.Tidewater Inc - all of company's existing common stock will be extinguished by plan.Tidewater Inc - plan requires that, at time co emerges from bankruptcy, not more than 22% of outstanding common stock will be held by non-U.S. citizens.Tidewater Inc - plan provides for issuance of a combination of common stock of reorganized Tidewater.  Full Article

Tidewater receives approval of first day motions
Friday, 19 May 2017 04:34pm EDT 

May 19 (Reuters) - Tidewater Inc :Tidewater receives approval of first day motions.Court has granted relief requested by company in certain first day motions related to ordinary course business activities.Approved motions authorize company to pay prepetition employee wages and benefits without interruption in ordinary course of business.Approved motions also authorize co to maintain insurance programs, utilize its current cash management system in ordinary course of business.Approved motions also authorize co to pay undisputed prepetition obligations owed to vendors & trade creditors in ordinary course of business.  Full Article

BRIEF-Tidewater says Co And a U.S. Shipyard It Was In Dispute With Entered Settlement Agreement - SEC Filing

* TIDEWATER - ‍ CO AND A U.S. SHIPYARD IT WAS IN DISPUTE WITH ENTERED SETTLEMENT AGREEMENT EFFECTIVE NOV 22, TO RESOLVE ALL DISPUTES RELATED TO VESSELS​