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Layne Christensen Co Sells Energy Division's E&P Assets For $15 Million


Friday, 5 Oct 2012 08:30am EDT 

Layne Christensen Co announced that on October 1, 2012 it sold all of the exploration and production (E&P) assets of Energy Division to LR Energy, Inc., a portfolio company of Longroad Capital Partners III, L.P., for $15 million. Layne intends to use the proceeds from this transaction to pay down outstanding debt and for general corporate purposes. 

Company Quote

11.29
0.32 +2.92%
22 Aug 2014