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Microcap & Penny Stocks : Superior Energy Services-SESI
SESI 0.00010000.0%Jan 16 9:30 AM EST

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To: David R. Schaller who wrote (425)1/9/1999 9:32:00 AM
From: David R. Schaller  Read Replies (1) of 522
 
From Reuters:

Friday January 8, 6:35 pm Eastern Time

Parker Drilling denies suit vs Superior

TULSA, Okla., Jan 8 (Reuters) - Parker Drilling Co. said Friday that it is not pursuing legal action against Superior Energy Services Inc.(Nasdaq:SESI - news) arising out of the termination of the merger agreement between the two companies.

The company said in a statement it was responding to published reports saying the contrary. The company said Superior has agreed to make a cash payment in settlement of certain obligations under the merger agreement.
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One less thing to worry about, Dave
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