- Hercules Offshore (NASDAQ:HERO) is halted after announcing it will explore strategic alternatives, including a potential sale of the company.
- HERO also says it currently has $514M of cash, including $200M held in escrow for the final delivery payment for the Hercules Highlander, $450M in total debt outstanding, and 20M shares of common stock outstanding.
Hercules Offshore to explore strategic alternatives
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