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Hercules Offshore considering selling itself

Thu 11th February, 2016 1:12pm
Feb 11 (Reuters) - Rig contractor Hercules Offshore Inc 
 HERO.O  said it was considering strategic options, including 
selling itself, three months after emerging from bankruptcy. 
    The company filed for Chapter 11 protection in August and 
emerged from bankruptcy in November. 
    Hercules Offshore said the move to explore alternatives was 
not in response to any proposal received by the company. 
 urn:newsml:reuters.com:*:nPn6KQgt6 
    The company had about $514 million in cash and $450 million 
in total debt as of Feb. 9. 
 
 (Reporting by Amrutha Gayathri in Bengaluru; Editing by Savio 
D'Souza) 
 ((amrutha.gayathri@thomsonreuters.com; within U.S. +1 646 223 
8780; outside U.S. +91 80 6749 1130; Reuters Messaging: 
amrutha.gayathri.thomsonreuters.com@reuters.net)) 
 
Keywords: HERCULES OFFSHRE SALE/
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