Hercules Offshore Inc. (Nasdaq: HERO) will pay approximately $105 million to acquire 20 jack-up rigs from Seahawk Drilling Inc. (Nasdaq: HAWK). Shares of Hercules gained 65 cents to close at $4.27 while Seahawk stock plummeted $3.25 to close at $4.65.
Hercules To Acquire Jack-Up Rigs From Seahawk
February 14, 2011 at 16:18 PM EST