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    Friede Goldman Halter to sell Halter Marine

    News // May 24, 2002
    Friede Goldman Halter (FGH) has entered into a contract with Bollinger Shipyards to sell the assets and activities of Halter Marine for $48.0 million cash and other considerations. Halter is one of three business units presently operated by Friede Goldman Halter and is a leading builder of small to medium sized vessels.

    The agreement will see Bollinger acquire all the operating assets and properties of Halter, including the assets at Halter Pascagoula, Halter Moss Point, Moss Point Marine, Halter Port Bienville Halter Lockport, Halter Gulfport East Central and Three Rivers. The acquisition is subject to approval by the United States Bankruptcy Court and the closing is expected to take place in late July or early August 2002.

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