Trico Marine Services, Inc. (TRMA) – Company news alert for acquisition of Deep Ocean. Free research report on Company news alert

Posted by on May 20th, 2008 at 01:09pm

The Finance Castle - A Personal Finance Blog About Investing, Saving, Making Money, And Retiring Early wrote an interesting post today on
Here’s a quick excerpt
Trico Marine Services, Inc. (Trico) announced the acquisition of Deep Ocean ASA (Deep Ocean) for NOK3.5 bn (approximately US$682 mn) on 16 May 2008. This acquisition is expected to boost Trico’s operating technology and operating expertise offering as well as enhance its growth in the fast growing subsea services market. Although we view this as a positive for the company, we expect to revise our estimates downwards in our next update report given lower than expected 1Q 08 results. As a resul

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