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Hercules Offshore Exploring Strategic Alternatives
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Hercules Offshore, Inc. announced the formation of a special committee comprised of all the independent members of the Board of Directors of the Company to consider and explore various strategic alternatives potentially available to the Company in order to maximize the value of the Company. The formation of the Special Committee is not in response to any proposal received by the Company or an approach by a third party.
The Special Committee is authorized to explore, review, and evaluate any potential strategic transaction involving the Company and any alternatives thereto, including, but not limited to, the sale of the Company, a merger or share exchange involving the Company, the sale of some or all of the Company's assets, and a recapitalization of the Company (whether by issuance of…
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