Era Group becomes an independent public company
Era Group, the longest serving helicopter operator in the US, has announced it has broke away from SEACOR Holdings Inc. and finalised its transition to an independent public company.
Era Group, the longest serving helicopter operator in the US, has announced it has broke away from SEACOR Holdings Inc. and finalised its transition to an independent public company.
Stockholders who held SEACOR common stock on 24 January 2013 – the record date for the spin-off – that did not trade the entitlement to their Era Group shares, will receive a book-entry account statement reflecting their ownership of Era Group common stock, or their brokerage account will be credited with the Era Group shares.
The Era Group spin-off has been structured to qualify as a tax-free dividend to SEACOR stockholders for U.S. federal income tax purposes.
Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are acting as financial advisors for the transaction.
