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    FGO sale approved

    News // January 3, 2003
    Friede Goldman Halter has received approval from the United States Bankruptcy Court for the Southern District of Mississippi, Southern Division, for the sale of the assets of Friede Goldman Offshore, to ACON Offshore Partners.

    The sale, which was due to be completed in early January, includes $18 million in cash and the assumption of $43 million in debt.

    The new company will operate from Pascagoula, Mississippi and Port Arthur, Texas under the name Signal International.

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