Oceaneering to Sell Its Entertainment Unit to Infinite Acquisitions [Yahoo! Finance]
Oceaneering International, Inc. (OII)
Last oceaneering international, inc. earnings: 2/24 05:01 pm
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US:NYSE Investor Relations:
investors.oceaneering.com/investor-relations/default.aspx
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Source: Yahoo! Finance
Intent (LOI) to acquire Oceaneering Entertainment Systems (OES) from OII through the purchase of assets. Infinite Acquisitions also entered into a nonbinding LOI with Falcon's Beyond Global, another leader in themed entertainment and immersive storytelling, to operate OES.Infinite Acquisitions holds a majority stake in Falcon's Beyond. OES has been an award-winning leader in the entertainment and show equipment industry for 25 years and is known for developing world-class theme parks, complex rides and show systems. OES and Falcon's Global have teamed up to develop several theme park projects globally over the last two decades. As the owner of OES, Infinite Acquisitions would use Falcon's Beyond's proficiency to develop several future-forward rides and theatres and retain key OES employees to operate the company efficiently. Infinite Acquisitions states that Falcon's expertise in the entertainment industry makes it a great fit to operate OES and further amplify its brand name.
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News
- Oceaneering International (OII) Up 17% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Oceaneering Announces the Promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- Oceaneering Announces the Promotion of Benjamin M. Laura to Senior Vice President and Chief Operating OfficerBusiness Wire
- Falcon's Beyond to expand ride tech capabilities with Oceaneering acquisition [Yahoo! Finance]Yahoo! Finance
- IAAPA Expo: Falcon's might operate Oceaneering Entertainment [Yahoo! Finance]Yahoo! Finance
OII
Earnings
- 10/23/24 - Miss
OII
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form 4
- 11/7/24 - Form 144
- OII's page on the SEC website