GulfMark Offshore Inc. NEW (fka GLFMQ) (GLF)

[Value_Investor]

Bankruptcy Warning for GLF!

BRIEF - Seacor Holdings says sent letter to Gulfmark Offshore's board
REUTERS 6:31 AM ET 10/25/2016

Oct 25 (Reuters) - Seacor Holdings Inc(CKH) -

* Says sent letter to board of directors of Gulfmark Offshore(GLF) dated October 18, 2016

* Believe Gulfmark can restructure its debt and continue operating independently

* Gulfmark's recent public filings show that it appears to face a liquidity shortfall

* Seacor(CKH) holdings -"based on reported transactions and broker appraisals, Gulfmark's debt materially exceeds value of its assets"

* Seacor(CKH) holdings -Gulfmark's board to consider prepackaged reorganization and combination with Seacor Marine Holdings Inc, unit owned offshore marine subsidiary Source text : http://bit.ly/2eMSnZx Further company coverage:

(c) Copyright Thomson Reuters 2016. Click For Restrictions - about.reuters.com/fulllegal.asp