Gulf Island Fabrication rises on $192 million takeover by IES Holdings
ReutersNov 7, 2025 2:27 PM
Shares of fabricator firm Gulf Island Fabrication GIFI.O rise 49% to $11.8 premarket
IES IESC.O says it will buy Gulf Island Fabrication for $12 per share in cash, valuing the steel fabricator at about $192 million
The boards of both companies have approved the deal, which is expected to close in the quarter ending March 31, 2026
As of last close, GIFI stock was up 15.6% YTD
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