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Seaway Energy Services Inc Announces Strategic Alternative Process


Tuesday, 29 Jan 2013 07:00pm EST 

Seaway Energy Services Inc announced that its Board of Directors has determined, after extensive and careful consideration of potential strategic alternatives, that it is in the best interests of the Company and its shareholders to liquidate its assets and dissolve the Company. In connection with the liquidation and dissolution, which is subject to shareholder approval, the Company intends to distribute to its shareholders all available cash, except such cash as is required for paying or making reasonable provision for known and potential liabilities and other obligations of the Company. Notwithstanding the foregoing, until such time as shareholder approval is received, the Company will continue to evaluate other opportunities that have the potential of providing a superior return to its shareholders. 

Company Quote

0.34
0.02 +6.25%
16 Apr 2014