http://thisyearsgirl.com/writing/atgg/atgg-c-1.html
The Houston-based offshore energy company plans to offer 20 milliom shares in Cal Dive through a publi c offeringat $8.50 per share, with an optiohn for underwriters to purchase an additional 3 million shares to coverr over-allotments. Helix (NYSE: HLX) also has agreedr to sell Cal Dive anadditional $14 millioh worth of shares at a price equal to the offering. Houston-based Cal Dive DVR) has 94 million shares outstanding. When the offeringt closes and Cal Dive repurchasesits allocation, Helix’s ownershi in Cal Dive will be reduced to 25 percent from 51 percent, accordinh to a regulatory filing with the .
If the over-allotmeny option is not Helix’s ownership will be 28 Helix expects to use the proceeds for generapcorporate purposes. Helix shares closedd at $11.25 on Friday and were trading at $11.9w2 mid-morning Monday, while Cal Dive shares closed Fridayat $10.09 and were trading at $9.85 mid-morning on Monday.
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