$HOS

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Update: Helix Energy Shares Rise After Completing Merger With Hornbeck Offshore Services

(Updates with the company's stock move in the headline and in the first paragraph.)Helix Energy Solutions (HLX) shares were up 3.5% in Tuesday trading after the company and Hornbeck Offshore Services said that they have completed their combination in an all-stock transaction.The combined company has assumed the Hornbeck Offshore Services name and will begin trading Wednesday on the New York Stock Exchange under the ticker symbol "HOS," the companies said.Price: $10.70, Change: $+0.40, Percent Change: +3.88%

$HLX$HOS

Wire1d ago

Helix Energy Shareholders Approve Combination With Hornbeck Offshore

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%

$HLX$HOS

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