FSEM's Voluntary Offer on Scorpion Offshore Falls Through

Reference is made to the voluntary offer on Scorpion Offshore Ltd (SCORE) set forth by Fortune Super Equity Management (FSEM) on April 9, 2008. The voluntary offer expired on May 9, 2008. As set forth in the offer document, the offer was conditional upon reaching 90% acceptance. At the end of the acceptance period, the number of shares having been tendered was not sufficient to meet this condition, nor for FSEM to waive the condition. As a consequence, the shares tendered in the offer will be released.

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
United States Houston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
General Manager US
Expertise: Business Development|Executive|Technical Manager
Location: Houston, TX
 
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
Updated in last 24 hours