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OFS - Bristow and Era agree to stock deals as merger draws near - June 2020

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Bristow Group and Era Group moved forward on stock transactions in anticipation of their merger into a $1 billion helicopter services company. Both deals are conditional on the completion of the merger, expected in mid-June. Era’s board of directors approved a 3:1 reverse stock split, which involved consultation with Era’s management, outside advisors and Bristow. At the time the all-stock merger was announced on Jan. 24, ERA shares were trading at $10.24 on the......
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