Mayer - thanks for that info. I have been searching the VSE web site and haven't run across the answer yet and have posed that question direct to the exchange, but had not yet received a response.
Robert - obviously the cash sale of Alamo appears to have been eliminated as an intended option to fund the Skytop deal, however, I would suggest that, if anything, this announced merger strengthens the company's position to leverage against Alamo. That may have been difficult to do, equitably, with them already carrying a debt load, so I am not so sure that things have actually gotten more confusing, they may have just become clearer. This is just my personal speculation, but seems to be viable path to me.
Salut,
Leigh McBain
PS - re: the statement that the Taylor Rigs component contained nothing new. I would suggest that the tenders turning into orders, especially if they are $3,000,000 orders, IS a substantial change. Companies take part in bids for tender all the time, acquiring the job, is not an automatic. This also goes a long way to verifying the company's suggestion that there is a real demand for THEIR product, not just product in general. |
