First Reserve Announces Waiver of Inside Date Condition
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STAMFORD, Conn. and HOUSTON, Dec. 22, 2020 /PRNewswire/ First Reserve Fund XIV, L.P. ( First Reserve ) announced today that its affiliates, FR Utility Services, Inc. ( Parent ) and FR Utility Services Merger Sub, Inc. ( Merger Sub ) have waived the Inside Date Condition described in the Offer to Purchase, as amended, in connection with the previously announced all-cash tender offer for $7.00 per share for all of the issued and outstanding shares of common stock of The Goldfield Corporation (NYSE American: GV). All other terms and conditions of the tender offer remain unchanged.