Cal Dive Announces Stock Split
21 Novembre 2005 - 1:30PM
PR Newswire (US)
HOUSTON, Nov. 21 /PRNewswire-FirstCall/ -- On November 21, 2005,
The Board of Directors of Cal Dive International, Inc.
(NASDAQ:CDIS) declared a two- for-one split of the Company's common
stock. Holders of record as of the close of business on December 1,
2005 will be entitled to one additional common share for each
common share held on that date. The Company's transfer agent, Wells
Fargo Shareowner Services, will distribute the shares on or about
December 8, 2005. Owen Kratz, Cal Dive's Chairman and Chief
Executive Officer, stated, "This stock split, our second in the
last five years, should further improve the liquidity of our stock
and make our shares available to a larger and more varied group of
investors. Our Board of Directors' decision to split the stock is a
strong indication of the confidence we have in the growth
opportunities for our business." 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/
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