Replies to post #2227 on Hercules Offshore Inc (fka HEROQ)

[caddor38]

So the distribution to the shareholders will be 60 million to 138 million depending on asset sales. That is 3 to 6.50 per share. HERO is currently trading at 1.52 as we speak and dropping.

I think many were expecting a win by Centerbridge which would have tied the money up for years in litigation.