Tag Archives: Civeo Spinoff

Jana Cuts A Deal With Civeo To Gain Board Seats; Will Support Redomicile Efforts

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Despite being independent for a mere five months, Civeo (CVEO) has sure generated a lot of excitement. Many anticipated that the company, a spinoff from Oil States International (OIS), was destined to become a REIT in order to better distribute its income. REIT status would also theoretically offer the company a more premium market multiple, boosting its price.… Read More »

Civeo Gains Independence From Oil States With Completion Of Spinoff

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As planned, Oil States International (OIS) completed its spinoff of accommodations unit Civeo (CVEO) after the close of business on Friday, May 30, 2014. OIS shareholders received two shares of Civeo for each share they owned.  As is often the case, each company issued its own, slightly different press release this morning marking the completion of the transaction.… Read More »