Forum Sells Ashtead Technology Interest For Nearly $50 Million
Transaction Type
Buyers
Basin
Multiple
Announce Date
Post Date
Estimated Price
$47.8MM
Description
To acquire 40% interest in Ashtead Technology, a subsea rentals company; consideration comprises $39 MM in cash plus settlement of a Forum GBP 3 MM loan to Ashtead. (Expected to close 3Q 2019)