(WO) — Helix Vitality Options Group shareholders have authorised the corporate’s all-stock mixture with Hornbeck Offshore Companies, clearing the way in which for the offshore providers merger to shut Sept. 1, 2026.
The approval got here throughout a particular assembly of Helix shareholders and covers the proposals essential to finish the beforehand introduced transaction.
Upon closing, Hornbeck securityholders will personal roughly 55% of the mixed firm on a completely diluted foundation, whereas Helix shareholders will personal roughly 45%.
The mixed firm will function below the Hornbeck Offshore Companies Inc. identify and commerce on the New York Inventory Change below the ticker HOS.
“We thank our shareholders for his or her assist of our transaction with Hornbeck,” Helix President and CEO Owen Kratz stated. “We consider this mixture establishes an built-in offshore providers firm with enhanced scale, expanded capabilities and alternatives for development throughout the deepwater power, protection and renewables industries.”
The mixture will carry collectively Helix’s subsea, nicely intervention and offshore power providers capabilities with Hornbeck’s offshore vessel fleet and marine providers operations.
The businesses anticipate to finish the transaction Sept. 1, topic to the remaining closing situations.
See additionally: Helix and Hornbeck mix to type deepwater offshore providers chief