Gulf Island Fabrication shareholders approve acquisition by IES Holdings

Gulf Island Fabrication (GIFI) announced that at its special meeting of shareholders held earlier, Gulf Island’s shareholders approved the acquisition of Gulf Island by IES Holdings. Subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement, the parties intend to complete the merger on January 16. If the merger is completed, the company’s common stock will no longer be publicly traded and will be delisted from Nasdaq.