Allis-Chalmers Energy (ALY)

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Press Release Source: Allis-Chalmers Energy Inc. On Tuesday January 25, 2011, 4:27 pm EST

HOUSTON--(BUSINESS WIRE)-- Allis-Chalmers Energy Inc. (NYSE:ALY - News) today announced that it has established a record date and a meeting date for the special meeting of its stockholders to consider and vote upon, among other things, the proposal to adopt the previously announced Agreement and Plan of Merger, dated as of August 12, 2010, among Allis-Chalmers, Seawell Limited and Wellco Sub Company, pursuant to which Allis-Chalmers would become a subsidiary of Seawell.



Allis-Chalmers stockholders of record at the close of business on Friday, January 14, 2011, will be entitled to notice of the special meeting and to vote at the special meeting. The special meeting will be held on Wednesday, February 23, 2011, at 10:00 a.m. local time and will be held at the Westin Galleria Hotel, Chevy Chase Room, 5060 West Alabama Street, Houston, Texas 77056.



In addition to the approval of Allis-Chalmers’ stockholders, the completion of the transaction is subject to customary closing conditions.



If you have any questions about the merger, including how to vote your shares of Allis-Chalmers, you should contact Georgeson, Inc., the information agent for Allis-Chalmers toll free at [phone] (banks and brokers call [phone]).

http://finance.yahoo.com/news/AllisChalmers-Energy-bw-3144622233.html?x=0&.v=1

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