Helix Energy Solutions Group Inc. (NYSE: HLX) received early termination of the Federal Trade Commission's waiting period for its planned acquisition of Hornbeck Offshore Services Inc., according to a company statement.

The FTC granted early termination of the required 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act on June 11, 2026. The companies announced their merger agreement on April 22, 2026.

Under the merger agreement, Helix Energy's subsidiary will merge with Hornbeck Offshore, with Hornbeck continuing as the surviving entity before merging into another Helix subsidiary. The transaction involves a two-step merger process.

The companies expect to close the transaction in the second half of 2026. Completion remains subject to approval by Helix Energy shareholders, additional regulatory approvals, and other customary closing conditions.

Helix Energy Solutions Group is a Minnesota corporation, while Hornbeck Offshore Services is incorporated in Delaware.