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Helix Energy Shareholders Approve Combination With Hornbeck Offshore

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Helix Energy Solutions' (HLX) shareholders approved all proposals required to complete an all-stock combination with Hornbeck Offshore Services, the companies said Monday.

The deal is expected to close Tuesday, with existing Hornbeck securityholders expected to own roughly 55% of the combined business while Helix holders will own about 45%, according to a statement.

The merged entity will operate as Hornbeck Offshore Services and trade on the New York Stock Exchange under the ticker symbol HOS, the companies said.

Shares of Helix Energy Solutions were up 3.7% in Monday trading.

Price: $10.51, Change: $+0.37, Percent Change: +3.65%

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