Skadden Aids Seawell In $890M Allis-Chalmers Deal
Allis-Chalmers stockholders will have the choice to receive either $4.25 in cash or 1.15 shares of Seawell stock for each share of Allis-Chalmers common stock. If more than 35 percent of Allis-Chalmers' shareholders elect to receive cash, all those choosing to receive stock will get a prorated share of the 1.15-share exchange offer, according to the companies.
The offer represents a 77 percent premium on...
To view the full article, register now.