Superior Energy to Acquire Hallin

10 January 2010 (Last Updated January 10th, 2010 18:30)

Hallin Marine said its shareholders have agreed a $170m takeover bid by Superior Energy Services. In a filing with the London Stock Exchange, Hallin Marine said the required majority had voted in favour of the deal. Superior Energy has offered £2.33 ($3.80) per share in cash t

Hallin Marine said its shareholders have agreed a $170m takeover bid by Superior Energy Services.

In a filing with the London Stock Exchange, Hallin Marine said the required majority had voted in favour of the deal.

Superior Energy has offered £2.33 ($3.80) per share in cash to take over the London-listed subsea vessel owner.

Hallin Marine has a fleet of four subsea operations vessels and three ROV and survey vessels.

The agreement is expected to be effective before 26 January.

Up Next