MergerJun 12, 2026, 08:31 AM
Helix Energy Merger with Hornbeck Offshore Gets Early FTC Clearance
AI Summary
Helix Energy Solutions Group Inc. announced that the U.S. Federal Trade Commission granted early termination of the 30-day waiting period under the Hart-Scott-Rodino Act for its proposed merger with Hornbeck Offshore Services, Inc. This clearance, received on June 11, 2026, is a key step towards completing the transaction. The merger, previously disclosed on April 22, 2026, is still subject to approval by Helix shareholders, other regulatory approvals, and customary closing conditions, with an expected close in the second half of 2026.
Key Highlights
- US Federal Trade Commission granted early termination of the HSR waiting period on June 11, 2026.
- This clears a significant regulatory hurdle for the merger between Helix Energy and Hornbeck Offshore.
- The merger agreement was initially entered into on April 22, 2026.
- The transaction involves Parent Sub merging into Hornbeck Offshore, followed by a second merger into LLC Sub.
- Closing is expected in the second half of 2026.
- Remaining conditions include Helix shareholder approval and other regulatory clearances.
Price Impact
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