Helix–Hornbeck merger creates deepwater services heavyweight

Houston-based offshore energy services company Helix Energy Solutions has entered into a definitive agreement to merge with compatriot offshore vessel owner Hornbeck Offshore Services in an all-stock transaction. Upon closing of the transaction, Hornbeck shareholders will own approximately 55%, and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. …

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