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The Houston-based offshore energy companyt plans to offer 20 million shares in Cal Dive through a publifc offeringat $8.50 per with an option for underwriters to purchase an additionapl 3 million shares to cover Helix (NYSE: HLX) also has agreed to sell Cal Dive an additionapl $14 million worth of sharess at a price equal to the offering. Houston-based Cal Dive DVR) has 94 milliob shares outstanding. When the offering closezs and Cal Dive repurchasesits Helix’s ownership in Cal Dive will be reducedx to 25 percent from 51 percent, according to a regulator filing with the .
If the over-allotment optiojn is not exercised, Helix’s ownership will be 28 Helix expects to use the proceedss for general corporate Helix shares closedat $11.25 on Frida and were trading at $11.92 mid-morning Monday, while Cal Dive shares closedx Friday at $10.09 and were tradingf at $9.85 mid-morning on
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