Seacor Marine in ‘stalking horse’ bid for Montco’s liftboats

U.S. offshore vessel owner Seacor Marine is set to launch a stalking horse bid to form a joint venture company with Montco Offshore, a liftboat specialist that has earlier filed for Chapter 11 bankruptcy protection. Here is a definition of a stalking horse bid, as shared by Investopedia: “A stalking-horse bid is an initial bid on […]

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