Hercules Offshore, Inc. Signs Purchase Agreement to Acquire Assets of Seahawk Drilling

Hercules Offshore, Inc. announced today that it has entered into an Asset Purchase Agreement with Seahawk Drilling, Inc. (Nasdaq:HAWK – News) and its affiliates (collectively “Seahawk”) to purchase 20 jackup rigs and related assets from Seahawk for approximately 22.3 million shares of Hercules Offshore common stock and cash consideration of $25 million, which will be used primarily to pay off Seahawk’s Debtor-in-Possession... Read more..

Yingli Green Energy Announces Redemption of Its Zero Coupon Convertible Senior Notes Due 2012

Yingli Green Energy Holding Company Limited , a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand “Yingli Solar,” today announced that in December 2010, it re-purchased US$171.3 million aggregate principal amount of its zero coupon convertible senior notes due 2012 (the “Notes”) for a total cash consideration of US$199.4... Read more..