(WO) — Helix Energy Solutions Group shareholders have approved the company’s all-stock combination with Hornbeck Offshore Services, clearing the way for the offshore services merger to close Sept. 1, 2026.
The approval came during a special meeting of Helix shareholders and covers the proposals necessary to complete the previously announced transaction.
Upon closing, Hornbeck securityholders will own approximately 55% of the combined company on a fully diluted basis, while Helix shareholders will own approximately 45%.
The combined company will operate under the Hornbeck Offshore Services Inc. name and trade on the New York Stock Exchange under the ticker HOS.
“We thank our shareholders for their support of our transaction with Hornbeck,” Helix President and CEO Owen Kratz said. “We believe this combination establishes an integrated offshore services company with enhanced scale, expanded capabilities and opportunities for growth across the deepwater energy, defense and renewables industries.”
The combination will bring together Helix’s subsea, well intervention and offshore energy services capabilities with Hornbeck’s offshore vessel fleet and marine services operations.
The companies expect to complete the transaction Sept. 1, subject to the remaining closing conditions.
See also: Helix and Hornbeck combine to form deepwater offshore services leader
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