secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001437749-22-009681
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tidewater completes acquisition of Swire Pacific Offshore for $42M cash and 8.1M warrants
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- Acquisition of SPO adds 50 vessels, creating the world's leading OSV operator.
- Consideration: $42M cash plus 8.1M warrants with 25-year term, issued to seller.
- Expects approximately $45M in annual run-rate cost synergies from the combined company.
- Risk factors added: integration challenges, potential dilution from warrants, and share overhang.
- Registration rights granted to seller; warrants trade on NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000143774922009681/0001437749-22-009681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000143774922009681/tdw20220422_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009681

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer