Monday, June 11, 2007

Cal Dive says to acquire Horizon for $628 mln

(Reuters) - Based on Cal Dive's closing stock price on June 11, the price equates to a transaction value of about $19.25 per Horizon share, or a premium of about 14 percent to Horizon's closing price, the company said.




It said the deal is expected to close in the third quarter.


Read more at Reuters.com Mergers News

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