Cal Dive Receives Clearance to Close the Asset Purchase Agreement With Stolt Offshore
18 Oktober 2005 - 10:59PM
PR Newswire (US)
HOUSTON, Oct. 18 /PRNewswire-FirstCall/ -- Cal Dive International,
Inc. (NASDAQ:CDIS) announced today that it has received clearance
from the Department of Justice to close the asset purchase
agreement with Stolt Offshore, that was announced on April 12th.
Under the terms of the clearance, Cal Dive will divest two diving
support vessels and a portable saturation diving system from the
combined asset package acquired through this transaction and the
one closed with Torch Offshore on August 31st. Martin Ferron,
President, stated, "We are very pleased to now be able to fully
implement our plan to form a new Shelf contracting subsidiary. This
entity will have 28 vessels and two portable saturation diving
systems to deploy in a strong marketplace, bolstered by additional
subsea work created by Hurricane's Ivan, Katrina and Rita." Cal
Dive International, Inc., headquartered in Houston, Texas, is an
energy service company which provides alternate solutions to the
oil and gas industry worldwide for marginal field development,
alternative development plans, field life extension and
abandonment, with service lines including marine diving services,
robotics, well operations, facilities ownership and oil and gas
production. This press release contains forward-looking statements
that involve risks, uncertainties and assumptions that could cause
our results to differ materially from those expressed or implied by
such forward-looking statements. All statements, other than
statements of historical fact, are statements that could be deemed
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including, without
limitation, any projections of revenue, gross margin, expenses,
earnings or losses from operations, or other financial items; any
statements of the plans, strategies and objectives of management
for future operations; any statement concerning developments,
performance or industry rankings relating to services; any
statements regarding future economic conditions or performance; any
statements of expectation or belief; and any statements of
assumptions underlying any of the foregoing. The risks,
uncertainties and assumptions referred to above include the
performance of contracts by suppliers, customers and partners;
employee management issues; complexities of global political and
economic developments, and other risks described from time to time
in our reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ending December 31, 2004. We assume no obligation and do not intend
to update these forward-looking statements. DATASOURCE: Cal Dive
International, Inc. CONTACT: Wade Pursell, Chief Financial Officer
of Cal Dive International, Inc., +1-281-618-0400, or fax,
+1-281-618-0505 Web site: http://www.caldive.com/
Copyright
Cal Dive (NASDAQ:CDIS)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Cal Dive (NASDAQ:CDIS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Cal Dive International (MM) (NASDAQ): 0 Nachrichtenartikel
Weitere Cal Dive International (MM) News-Artikel