Hercules Offshore Forms Special Committee To Explore Strategic Alternatives

(RTTNews) - Hercules Offshore, Inc. (HERO) announced the formation of a special committee comprised of all the independent members of the Board to consider and explore various strategic alternatives potentially available to the company.

The company said the Special Committee is authorized to explore, review, and evaluate any potential strategic transaction involving the company and any alternatives thereto, including, but not limited to, the sale of the company, a merger or share exchange involving the company, the sale of some or all of the company's assets, and a recapitalization of the company.