Shipbuilder Halter Marine Group Inc. confirmed it is in talks with an oilfield service company about a possible stock-for-stock merger.
The company, which in January announced a sweeping restructuring to cut costs, said it cannot assure the talks will lead to a transaction. It also said it cannot guarantee a deal, if any, would represent a premium over current market prices.
Halter Marine, which also builds offshore drilling rigs and engineered products serving the offshore energy industry
, said it will not issue further comment until the talks are completed or are called off.