This Slide: #76 of 100 |
Slide #76. Hercules Offshore, Inc. — Titan 2
Acquirer:
Hercules Offshore, Inc. (NASDAQ:HERO)
Acquiree:
Titan 2
Details:
Hercules Offshore, Inc. (Nasdaq: HERO) announces the execution of a definitive agreement to acquire the liftboat Titan 2 from a subsidiary of KS Energy Ltd. The purchase price is $42 million in cash. The Titan 2 is a 280 foot class vessel, constructed in 2008, registered and flagged in Panama, and currently located in Limbe, Cameroon. The Company expects the acquisition to close in early March 2013, subject to completion of certain customary closing conditions.
Hercules Offshore is a holding company. Co. is a provider of shallow-water drilling and marine services to the oil and natural gas exploration and production industry. As of Feb 19 2015, Co. conducted its businesses through the following segments: Domestic Offshore, which consisted of 24 jackup rigs in the U.S. Gulf of Mexico; International Offshore, which consisted of nine jackup rigs outside of the U.S. Gulf of Mexico; and International Liftboats, which included 24 liftboats in West Africa and in the Middles East region. Co.'s fleet provides services such as oil and gas exploration and development drilling, well service, platform inspection, maintenance, and decommissioning operations.
Open the HERO Page at The Online Investor »
|
Open the HERO Page at The Online Investor (in a new window) »
Free HERO Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Sell (1.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |