Tidewater says merger pressure is behind shareholder board nominations

Offshore vessel operator Tidewater claims that board nominations submitted by Ravenswood Investment, a unit controlled by Robert Robotti, are designed to push the company into a merger. Ravenswood Investment filed a nomination notice with Tidewater earlier this week, notifying the company’s board that it intends to nominate three persons for election as directors. Tidewater claimed that …

splash247