Bollinger Shipyards has agreed to purchase Friede Goldman Halter's Halter Marine shipbuilding business unit, the two companies announced yesterday. Bollinger will pay $48 million in cash "and other considerations" for Halter Marine, a May 22 company statement reads. The acquisition is subject to approval by the U.S. Bankruptcy Court and the closing is expected to take place in late July or early August. Friede Goldman Halter filed for protection under Chapter 11 of the U.S. Bankruptcy Code on April 20,...
