Hercules Offshore, Inc. announced that the U.S. Department of Justice and the Federal Trade Commission have granted early termination of the government's pre-merger antitrust review of the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the previously announced agreement to acquire three jackup drilling rigs from Transocean Inc.
The acquisition of the Adriatic III and the High Island I and related equipment has closed for an approximate cost of $220 million. The acquisition of the High Island VIII and related equipment is expected to close upon completion of its current contract in May 2008 for approximately $100 million.
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