BHGLBrinks Hofer Gilson Lione (Attorneys)
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OLOG has acquired 49% of the common stock and a significant economic interest in Bristow Aviation Holdings Limited (Bristow), a company incorporated in England which now holds all of the outstanding shares in BHGL.
The transaction, which values BHGL at approximately $300 million, has been funded by cash, OLOG stock (1,374,389 shares) and the assumption of Bristow debt (approximately $145 million).
The strategic and economic alliance between BHGL and OLOG will allow us to offer to the major international oil companies a level of service, expertise, experience and geographic and equipment diversity that will be unmatched in the helicopter industry.