Lime Rock Partners | Seawell to Acquire Allis-Chalmers ,
HAMILTON, Bermuda & HOUSTON–(BUSINESS WIRE)–Seawell Limited (NOTC:SEAW) and Allis-Chalmers Energy Inc (NYSE:ALY) today announced that their Boards of Directors have unanimously approved a definitive merger agreement providing for the acquisition of Allis-Chalmers by Seawell in a transaction valued at approximately ,
Jun 30, 1987· Swamped by debts and health-care obligations to thousands of former employees, the Allis-Chalmers Corporation sought protection from its creditors yesterday in Federal Bankruptcy Court Allis said that its filing under Chapter 11 of the Bankruptcy Code would give it time to complete a reorganization .
According to the complaint the plaintiff alleges that the defendants breached their fiduciary duty owed to the public shareholders of Allis-Chalmers Energy Inc (NYSE:ALY) by attempting to sell Allis-Chalmers Energy through an unfair process at an unfair price
Allis-Chalmers Energy Allis-Chalmers Energy Inc is an American, Houston-based, oil company which provides both services and equipment to oil and natural gas companies throughout the Gulf of Mexico and in surrounding states and countri