Goldfarb Branham Law Firm LLP Investigating Shareholder Claims Against Allis-Chalmers Energy
15 Agosto 2010 - 5:57PM
Business Wire
Goldfarb Branham LLP is investigating shareholder claims against
the board of Allis-Chalmers Energy, Inc. (NYSE: ALY) in connection
with the proposed buyout by SeaDrill Ltd. The buyout will cash out
investors for $4.25 per share or 1.15 Seawell common shares. If you
are an Allis shareholder, you are encouraged to contact the firm at
877-583-2855 or hlindley@goldfarbbranham.com to learn about your
rights and remedies.
“Seawell common shares are traded on the Norwegian Stock
Exchange and are subject to proration if more than 35% of the
shares elect to receive cash,” said securities lawyer Hamilton
Lindley. “Because Allis stock had a $4.20 closing price as recently
as April 29, 2010 and least one analyst has set a price target of
$7 per share, this deal could be potentially unfair to
shareholders. Our proposed class action lawsuit seeks better value
for the company as well as more information about this transaction
disclosed to Allis-Chalmers shareholders.”
Goldfarb Branham LLP lawyers have significant experience
representing shareholders in unfair buyouts nationwide. The
national securities firm provides nimble, creative and effective
counsel at all stages of litigation. If you have information or
concerns about this transaction, contact attorney Hamilton Lindley
at the contact numbers listed below.
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