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BRIEF-Hercules Offshore to explore strategic alternatives

Thu 11th February, 2016 1:01pm
Feb 11 (Reuters) - Hercules Offshore Inc  HERO.O : 
 * Forms special committee to explore strategic alternatives 
 * Formation of the special committee is not in response to any proposal 
   received by the company or an approach by a third party 
 * Says no decision has been made to engage in any particular transaction or 
   transactions 
 * Says the special committee has engaged pjt partners as its financial advisor 
 * Says as of February 9, 2016, the company had approximately $514 million of 
   cash 
 
 * Source text for Eikon  urn:newsml:reuters.com:*:nPn6KQgt6 
 * Further company coverage  HERO.O  ((Bengaluru Newsroom; +1 646 223 8780))
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