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    Seabulk and Seacor get merger approval from stockholders

    News // July 8, 2005
    Seabulk International and SEACOR Holdings have announced that the stockholders of Seabulk have approved the merger of Seabulk with a subsidiary of SEACOR and the stockholders of SEACOR approved the issuance of SEACOR common stock in connection with the merger.

    Under the terms of the merger agreement, Seabulk's stockholders will receive 0.2694 of a share of SEACOR common stock plus cash of US$4.00 for each issued and outstanding share of Seabulk common stock, subject to adjustment under certain conditions. Theclosing of the transaction was expected on July 1st.

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