Horizon will not issue any fractional shares of its new common stock as a result of the reverse stock split. Instead, any fractional shares will be rounded up to the next highest whole number of shares. Further details of the Company's reverse stock split are discussed in the Company's definitive information statement filed with the Securities and Exchange Commission on March 21, 2006.
About Horizon Offshore, Inc.
Horizon and its subsidiaries provide marine construction services for the offshore oil and gas and other energy related industries. The Company's fleet is used to perform a wide range of marine construction activities, including installation and repair of marine pipelines to transport oil and gas and other sub sea production systems, and the installation and abandonment of production platforms.
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