SEACOR Holdings is pushing ahead with plans to spin off its offshore marine services business that is conducted by its wholly-owned subsidiary, SEACOR Marine Holdings.
It has announced it will distribute all of the outstanding shares of common stock of SEACOR Marine on a pro rata basis to all of the holders of common stock of SEACOR.
SEACOR Marine has filed an initial registration statement with the US Securities and Exchange Commission in connection with the spin-off.