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    Hercules Offshore 'exploring alternatives'

    Company News // February 15, 2016

    Hercules Offshore has announced the formation of a special committee consisting of all of the independent members of the Board of Directors of the company to consider and explore various strategic alternatives potentially available to the company in order to maximize its value.

    The formation of the committee is not in response to any proposal received by the Company or an approach by a third party, but is authorized to explore, review, and evaluate any potential strategic transaction involving the company and any alternatives, including, but not limited to, the sale of the company, a merger or share exchange involving the company, the sale of some or all of the company's assets, and a recapitalization of the company (whether by equity or debt securities, incurrence of additional indebtedness, or issuance of derivative securities thereof). 

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