Key Developments: SEACOR Holdings Inc (CKH)
77.65USD
23 May 2013
$-0.01 (-0.01%)
$77.66
$76.86
$77.65
$76.64
80,940
147,913
$93.50
$67.76
Latest Key Developments (Source: Significant Developments)
SEACOR Holdings Incn Exits Crude Oil Trading With Sale Of SEACOR Energy Inc. To Par Petroleum Corporation
SEACOR Holdings Inc announced the sale of its energy trading division, SEACOR Energy Inc. (SEI), to Par Petroleum Corporation (the Company) for a cash purchase price of approximately $14 million. With the sale of SEI, SEACOR is no longer involved in the crude oil trading business. Full Article
SEACOR Holdings Inc Announces Revised Ex-Dividend Date
SEACOR Holdings Inc announced that its Board of Directors declared a special cash dividend of $5.00 per common share that is expected to be paid on or about December 26, 2012 to shareholders of record on December 17, 2012, and that the Company expected that its common stock would trade ex-dividend beginning on December 12, 2012. The purpose of this press release is to correct the previously announced ex-dividend date. The Company expects that its common stock will trade ex-dividend beginning on December 13, 2012. Full Article
SEACOR Holdings Inc Announces Special Cash Dividend Of $5.00 per Share
SEACOR Holdings Inc announced that Board of Directors declared a Special Dividend of $5.00 per common share. The Special Dividend is payable to shareholders of record on December 17, 2012, and is expected to be paid on or about December 26, 2012. Full Article
SEACOR Holdings Inc Proposes Private Offering Of Convertible Senior Notes
SEACOR Holdings Inc announced that it plans to offer, subject to market and other conditions, up to $250 million of its convertible senior notes due 2027 (the convertible notes) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). SEACOR expects to grant the initial purchasers an option to purchase up to an additional $50 million of convertible notes in connection with the offering. SEACOR expects to use approximately $125.0 million of the net proceeds from the sale of the convertible notes to repay amounts outstanding under its revolving credit facility. SEACOR expects to use the remainder of the net proceeds from the sale of the convertible notes for general corporate purposes, including the possible repurchase of shares of its common stock and/or the payment of a dividend to holders of its common stock. Shares repurchased with the proceeds from the offering may be purchased from purchasers of the convertible notes in privately negotiated transactions through the initial purchasers as SEACOR's agents or through other open market transactions. The number of shares of SEACOR's common stock repurchased from purchasers of the convertible notes, if any, with proceeds from the offering will be decided by SEACOR's board of directors at the time the convertible notes offering is priced. Full Article
J.F. Lehman & Company Completes Acquisition Of National Response Corporation From SEACOR Holdings Inc
J.F. Lehman & Company. a middle-market private equity firm focused on the defense, aerospace and maritime sectors, announced that it has completed the acquisition of National Response Corporation and its affiliated businesses NRC Environmental Services, SEACOR Response, and SEACOR Environmental Products (collectively NRC) from SEACOR Holdings Inc. Full Article
SEACOR Holdings Inc Announces Sale of National Response Corporation, NRCES and SEACOR Response
SEACOR Holdings Inc announced that it reached an agreement to sell a portion of its environmental business to J.F. Lehman & Company, a middle-market private equity firm focused on the defense, aerospace and maritime sectors. The businesses to be sold include National Response Corporation (NRC), one of the largest providers of oil spill response services in the United States; NRC Environmental Services Inc., a provider of environmental and industrial services on the West Coast; and SEACOR Response Inc., which provides oil spill and emergency response services to customers in various international markets. The transaction, which is expected to close by the end of February 2012, does not include O'Brien's Response Management Inc., a provider of crisis and emergency preparedness and response management services, which will continue to be a subsidiary of SEACOR post-closing. Houlihan Lokey is serving as exclusive financial advisor to SEACOR in connection with this transaction. Terms were not disclosed. Full Article
SEACOR Holdings Inc Announces Increase Of Securities Repurchase Authority
SEACOR Holdings Inc announced that its Board of Directors has increased its authorization for repurchases of SEACOR's common stock for a total authorized expenditure of up to $150 million for the purchase of such securities from the $41.8 million remaining under the Board's authorization for repurchases approved on February 18, 2010. Full Article
Seacor shares could gain on pickup in Gulf drilling-Barron's
NEW YORK, March 24 - Shares of cargo ship operator Seacor Holdings could climb as oil drilling in the Gulf of Mexico picks up, according to a report in Barron's weekly financial newspaper.
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