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Shares in Oil States (OIS) have run to all-time highs in recent weeks, and a spinoff of the...

Shares in Oil States (OIS) have run to all-time highs in recent weeks, and a spinoff of the accommodations business is "very viable, and given the momentum, it’s very likely," Frost Advisers' Ted Harper says, but there's a major obstacle: OIS will have to take out the bondholders, paying them a $150M premium to make them whole on top of the $1B in debt issued by the company over the past two years.
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