Bollinger Shipyards Inc. outbid in attempt to buy Halter Marine

New Orleans CityBusiness, Jul 29, 2002 by Staff

Bollinger Shipyards Inc. of Lockport was outbid in its attempts to buy the Halter Marine new construction shipyards from their bankrupt parent company. A subsidiary of the Far East conglomerate Singapore Technologies is buying the eight shipyards in Mississippi and Louisiana from Friede Goldman Halter for $66 million, beating out Bollinger's $48 million bid.

Bollinger declined an opportunity to bid higher.

Copyright 2002 Dolan Media Newswires
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