Superior Takeover of Hallin Approved
07 January 2010Superior 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.