On July 17th Tidewater and GulfMark announced that their boards had agreed unanimously to the final deal.

The Tidewater/GulfMark merger is expected to be completed in the fourth quarter and the combined company will operate under the Tidewater brand, led by Tidewater chief executive John Rynd. After the merger, Tidewater's board will be expanded to 10 members, including three from GulfMark.