Helix and Hornbeck Finalise Offshore Services Combination
Helix Energy Solutions Group and Hornbeck Offshore Services have concluded their all-stock merger following approval by shareholders.
Helix Energy Solutions Group has officially concluded its business combination with Hornbeck Offshore Services, establishing an expanded maritime operating group within the offshore sector.
The completion follows a special meeting where Helix shareholders voted to approve the proposals required to execute the transaction.
Following the vote, the all-stock merger took effect on September 1. The combined business will conduct its ongoing operations under the Hornbeck name.
The transaction brings together the two US-based offshore services entities into a consolidated enterprise following the formal closing of the equity-based agreement.
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