TITLE

Lime Rock Backstops Allis-Chalmers

AUTHOR(S)
Davis, Avram
PUB. DATE
May 2009
SOURCE
Mergers & Acquisitions Report;5/25/2009, Vol. 22 Issue 21, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Allis-Chalmers Energy Inc., an oilfield services company, to sell nearly 35.7 million shares of the company's common stock in order to pay down its bank credit facility and senior debt. According to the company, it would pay its shareholders 2.50 U.S. dollar per common share or 32 percent less than Allis-Chalmer's closing price of 3.65 U.S. dollars.
ACCESSION #
44148498

 

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