Bristow and Columbia Helicopters terminate proposed transaction

Bristow Group Inc. and Columbia Helicopters, Inc. have announced that Bristow and Columbia have mutually agreed to terminate Bristow’s agreement to acquire Columbia.

In connection with the termination, Bristow has paid $20 million to Columbia.  Bristow, Columbia and Columbia’s shareholders have agreed to release each other from all claims in connection with the purchase agreement and the related transactions.

All photos by Columbia Helicopters.

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