Cal Dive (NASDAQ:CDIS)
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Cal Dive Receives Second Request From the U.S. Department of
Justice Regarding the Acquisition of Certain Assets of Stolt Offshore
HOUSTON, May 27 /PRNewswire-FirstCall/ -- Cal Dive International, Inc.
(NASDAQ:CDIS) today announced it received from the U.S. Department of Justice a
request for additional information in connection with its pending acquisition
of certain assets of Stolt Offshore, S.A. (NASDAQ:SOSA). Cal Dive intends to
respond promptly to this request. The effect of the second request is to
extend the waiting period imposed by the Hart-Scott-Rodino Antitrust
Improvements Act until 30 days after Cal Dive and Stolt have substantially
complied with the request, unless that period is extended voluntarily by the
parties or is terminated sooner by the Department of Justice.
Cal Dive International, Inc., headquartered in Houston, Texas, is an energy
service company which provides alternate solutions to the oil and gas industry
worldwide for marginal field development, alternative development plans, field
life extension and abandonment, with service lines including marine diving
services, robotics, well operations, facilities ownership and oil and gas
production.
This press release contains forward-looking statements that involve risks,
uncertainties and assumptions that could cause our results to differ materially
from those expressed or implied by such forward-looking statements. All
statements, other than statements of historical fact, are statements that could
be deemed "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including, without limitation, any
projections of revenue, gross margin, expenses, earnings or losses from
operations, or other financial items; any statements of the plans, strategies
and objectives of management for future operations; any statement concerning
developments, performance or industry rankings relating to services; any
statements regarding future economic conditions or performance; any statements
of expectation or belief; and any statements of assumptions underlying any of
the foregoing. The risks, uncertainties and assumptions referred to above
include the performance of contracts by suppliers, customers and partners;
employee management issues; complexities of global political and economic
developments, and other risks described from time to time in our reports filed
with the Securities and Exchange Commission, including the Company's Annual
Report on Form 10-K for the year ending December 31, 2004. We assume no
obligation and do not intend to update these forward-looking statements.
DATASOURCE: Cal Dive International, Inc.
CONTACT: Wade Pursell, Chief Financial Officer of Cal Dive
International, Inc., +1-281-618-0400, or fax, +1-281-618-0505
Web site: http://www.caldive.com/