Gibson GAX052P7A
The Houston-based offshore energy company planes to offer 20 million shared in Cal Dive through a public offeringat $8.50 per with an option for underwriters to purchase an additional 3 millio n shares to cover over-allotments. Helixc (NYSE: HLX) also has agreed to sell Cal Dive anadditiona $14 million worth of shares at a pricw equal to the offering. Houston-based Cal Dive DVR) has 94 million sharese outstanding. When the offerintg closes and Cal Dive repurchaseszits allocation, Helix’s ownership in Cal Dive will be reducer to 25 percent from 51 percent, according to a regulatory filing with the .
If the over-allotment option is not exercised, Helix’e ownership will be 28 percent. Helix expects to use the proceedsz for generalcorporate purposes. Helix sharesa closed at $11.25 on Friday and were trading at $11.92 mid-morning while Cal Dive shares closed Friday at $10.09 and were tradingf at $9.85 mid-morning on Monday.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment