Sealift Announces Potential Strategic Transaction

The Board of Sealift Ltd. is currently in discussion with another industry party about a strategic transaction. Consummation of the transaction is likely to improve short and long term earnings and thereby the valuation of the Sealift shares. The transaction might also include contribution of new equity at an issue price significantly higher than current OTC price.

The Board has in view of this investigated the possibility to suspend the trading of the Company's shares on the OTC market until final outcome of these discussions is expected later in the week. Since such a suspension has been difficult to achieve the Board feel that it is proper to inform the market that essential strategic discussions are taking place. However no assurance can be given that a transaction will be completed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
 
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
 
Community Relations Manager Job
Expertise: Legal|PR / Corporate Communications|Project Management
Location: Red Wing, MN
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours