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Allis Chalmers Energy stock - Seaway?

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Category: Allis Chalmers
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Forum Description: everything about Allis-Chalmers farm equipment
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=177013
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Topic: Allis Chalmers Energy stock - Seaway?

Posted By: AC7060IL
Subject: Allis Chalmers Energy stock - Seaway?
Date Posted: 23 Dec 2020 at 3:16pm

I looked for the old Allis Chalmers Energy stock symbol (ALY), but can't find it. I see on past internet notes that Seaway energy purchased/merged/took over Allis back in 2011. So does anyone know which current stock symbol is correct? Thanks

Replies:

Posted By: DougG
Date Posted: 23 Dec 2020 at 5:29pm

Its Seawell- maybe Archer, but last time I checked it wasnt a publicly traded stock - its headquartered in Switzerland or somewhere over there

Posted By: Stan R
Date Posted: 23 Dec 2020 at 6:10pm

"These shares were disposed of pursuant to an Agreement and Plan of Merger among the Issuer, Seawell Limited and Wellco Sub Company, a wholly-owned subsidiary of Seawell Limited, dated August 12, 2010, as amended. The Reporting Person received 1.15 shares of Seawell Limited common stock for each share of Allis-Chalmers common stock owned."

https://sec.report/Ticker/ALY" rel="nofollow - https://sec.report/Ticker/ALY

https://www.businesswire.com/news/home/20100812006682/en/Seawell-to-Acquire-Allis-Chalmers-Energy-in-USD-890-Million-Transaction" rel="nofollow - https://www.businesswire.com/news/home/20100812006682/en/Seawell-to-Acquire-Allis-Chalmers-Energy-in-USD-890-Million-Transaction

SEAW ????? Says "NOTC: SEAW" and I think that means Norwegian Over the counter for trading

Posted By: TOM (NE)
Date Posted: 23 Dec 2020 at 6:19pm

The merged companies of Seawell / Allis Chalmers Energy became ARCHER in 2011.

It is publicly traded on the Olso Sock Exchange under the ticker ARCHER.

Tom

Posted By: DougG
Date Posted: 23 Dec 2020 at 6:21pm

Somewhere theres a write up of how Allis Chalmers Energy CEO Mikky W, - [ all foreign names] had overseas financial help to use Allis,s tax advantage to buy up small companies, merge them run them , then set it up for Seawell to buy it up and have it all for no compitionon