Seacor to Take Effective Ownership of Seabulk July First

Seabulk International shareholders approved the pending merger with Seacor this week. Seabulk holders will receive approximately 0.27 shares and $4 in cash for each Seabulk share they hold in a deal for $532 million in equity and the assumption of approximately $471 million in debt. In return, Seacor will take control of the company, including its U.S. Jones Act tankers, offshore supply vessels and tug division, effective July 1st.

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