Tag Archives: Oil States International Spinoff

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 »

So Accommodating! Oil States International Sets Civeo Spinoff For May 30th

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Oil States International’s (OIS) board of directors approved the spinoff of its accommodations business, Civeo Corporation. The new company will trade on the NYSE under the ticker ‘CVEO’ and OIS shareholders will receive 2 shares of CVEO for every OIH share owned. The distribution is expected to take place on May 30th to shareholders as of the close on… Read More »