Aug. 13, 2010, 9:00 AM
Aug. 13, 2010, 8:59 AMShares of Allis-Chalmers Energy (ALY) are up about 60% premarket after saying late yesterday it will be acquired by Seawell Ltd. in a deal valued at $890M including assumed debt. "The acquisition combines Seawell's leading Drilling and Well Services business with Allis-Chalmers' Drilling, Rental and Oilfield Service offerings to create a global oilfield service company." | Comment!
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