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Hercules Offshore, Inc. Message Board

  • robertnupstatecarolina robertnupstatecarolina Jul 2, 2013 3:50 AM Flag

    SALE OF DOMESTIC LIFTBOATS SOLD (DEAL COMPLETED).

    Hercules Offshore Announces Closing of Domestic Liftboat Fleet Sale

    HOUSTON, July 1, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) today announced that it has closed the previously announced sale of its fleet of Domestic Liftboats, including 29 marketed liftboats, 10 cold-stacked liftboats and related assets to All Coast LLC for approximately $54.5 million. The Company will retain existing working capital within the Domestic Liftboat segment, which totals approximately $7.3 million as of May 31, 2013.

    Sentiment: Strong Buy

 
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