FGH to sell repair yards to Bollinger
Friede Goldman Halter, Inc. has signed a definitive agreement
to sell its vessel repair unit to Bollinger Shipyards, Inc. of
Lockport, La for $80 million. The all-cash transaction, which
is expected to be completed in July 2000, is structured as an
asset sale and is subject to certain conditions including approval
under the Hart Scott Rodino Act.
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