Helicopter services provider Bristow Group Inc filed for bankruptcy protection on Saturday, succumbing to less business from the oil and gas industry that has also pushed others in its market to seek court-supervised reorganizations.
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Andrew J. Abernathey, Founder and CEO of Abernathey Holdings. sends an open letter to the board of directors of Bristow Group Inc (NYSE:BRS). Dear Board of Directors, As you know, Abernathey Holding Co., and the funds it manages, (“Abernathey”), has […] The post Abernathey Holding Open Letter To Bristow Group Board appeared first on ValueWalk .
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MEQUON, Wis. , April 24, 2019 /PRNewswire/ -- Global Value Investment Corp. (GVIC), a value-oriented investment research and advisory firm located in Mequon, Wisconsin , today nominated four highly qualified, independent candidates for election to the board of directors of Bristow Group, Inc. (NYSE: BRS ). GVIC's nominees are Sten Gustafson , Jonathan Meretsky , Anthony Gray , and Jeffrey Geygan . Mr. Gustafson, who served as Era Group Inc.'s CEO from 2012 to 2014, and as a director at CHC Helicopter from 2017 to 2019, has a proven track record of driving earnings, achieving operational efficiencies, and deleveraging the balance sheet. Mr. Meretsky has extensive experience structuring and negotiating complex financing for multi-national enterprises in the transportation and petroleum sectors. Mr. Gray is a recognized leader in the fields of compliance and ethics, and was formerly the Global Compliance Officer at Sikorsky Aircraft Corporation. Mr. Geygan is President and CEO of GVIC and specializes in financial analysis and operational turnaround situations. "Bristow's current directors have overseen a remarkable destruction of value," said Mr.
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Bristow Group (BRS) needs investors to pay close attention to the stock based on moves in the options market lately.
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