Superior Takeover of Hallin Approved

07 January 2010

Superior Energy Services' recommended cash takeover of Hallin Marine Subsea International via a scheme of arrangement has been approved by shareholders.

Hallin directors said that a majority shareholders, representing not less than 75% voted in favour at a court meeting today (7 January).

And a special resolution to implement the scheme was passed by the requisite majority at an extraordinary general meeting.

The scheme is expected to become effective on 26 January.