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AllisChalmers37 
Orange Level
Joined: 11 Jul 2010
Location: London,KY
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 Topic: Allis-Chalmers Energy
Posted: 19 Nov 2010 at 7:54pm |
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Is Allis-Chalmers Energy going to keep it's name and logo after being bought out? I just looked at their website and could find nothing on them getting rid of the name or the logo?
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1937 WC, 1950 CA, 1959 D14, 1967 190XT, 2006 Ram 3500
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DougG
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Joined: 20 Sep 2009
Location: Mo
Points: 8189
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Posted: 19 Nov 2010 at 8:06pm |
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I believe that will be up to the new owners; they could operate it as a seperate business , but I doubt it ; in the last quarterly earnings report there was mention of the next report would be from SEAWELL ;the corporate staff and BOD is gone or going ; I believe ALLIS CHALMERS is gone , but the name and logo could be resurected again to new owners ???? Who is hard to tell
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gleaner1
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Joined: 17 Dec 2009
Points: 218
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Posted: 20 Nov 2010 at 10:53am |
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The report i received a few weeks back stated that the newly merged companies will have a new name and logo. who knows this could very well be the the final end of the AC name.
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ALLIS CHALMERS "The color is orange"
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EPALLIS
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Joined: 12 Sep 2009
Location: Illinois
Points: 1141
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Posted: 20 Nov 2010 at 9:33pm |
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I very involved in this "transaction". I've talked to Seawell several times and they are very quiet. The name and logo alone are worth a fortune, little lone the company and assets. That's why A-C energy is rising well past the bid price.
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gleaner1
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Joined: 17 Dec 2009
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Posted: 21 Nov 2010 at 11:19am |
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Have you check the stock lately, wow, just still not sure when they will be coming off the NYSE. but looks like we are making some coin.
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ALLIS CHALMERS "The color is orange"
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Spud
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Joined: 16 Sep 2009
Location: North Dakota
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Posted: 21 Nov 2010 at 9:13pm |
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AC Energy grew by a lot of aquistions of smaller companies so I don't know if I agree about the name being worth a fortune. Their air drilling division competed against us and they did not even run under the ac name even several years after being bought.
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DougG
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Location: Mo
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Posted: 24 Nov 2010 at 4:21pm |
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I was just on Yahoo Finance and there is talk now on ALY,S talk forum that the merger is on hold now ; the shareholders and AC management are not happy with the terms Seawell now came up with ??? Also there is talk of them finally realizing of what a lowball offer Seawell shot them ; least the top 3 in ALY got bonuses this year !!! Who knows !!!
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EPALLIS
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Location: Illinois
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Posted: 25 Nov 2010 at 12:58am |
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Correct. That's why the stock is way above the $4.50 offered by seawell. Lots of disgruntled shareholders who know its worth more and the offer to your point is all on hold. There is also a class action lawsuit going on because we know what the name and logo alone are worth, little lone the business. Stay tuned A-C isn't dead yet and it's still kicking. Going orange is going great. By the way, the A-C Energy employees are very hard working and they want to stay an independent company.
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JohnCO
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Joined: 11 Sep 2009
Location: Niwot Colo
Points: 8992
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Posted: 25 Nov 2010 at 1:12am |
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Wasn't the stock in the $9 range a year ago?
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"If at first you don't succeed, get a bigger hammer"
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bigallis1
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Joined: 13 Sep 2009
Location: The Villages Fl
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Posted: 25 Nov 2010 at 6:31am |
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Hope they keep the name alive.
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nowversatile
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Joined: 15 Nov 2009
Location: Western Cornbel
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Posted: 25 Nov 2010 at 8:57am |
Too bad they couldn't engineer a way to get Gleaner out from under the stub nose dictator and bring the AC tractor back. I thing ag should be attractive now. Then they could proceed to "shut down" AGCO as it is currently being run in the US as I am sure all of the current AGCO dealers would fall in line.
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AllisChalmers37
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Joined: 11 Jul 2010
Location: London,KY
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Posted: 25 Nov 2010 at 9:21am |
 nowversatile wrote:
Too bad they couldn't engineer a way to get Gleaner out from under the stub nose dictator and bring the AC tractor back. I thing ag should be attractive now. Then they could proceed to "shut down" AGCO as it is currently being run in the US as I am sure all of the current AGCO dealers would fall in line.
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I pray something like that could happen. It would be the closest thing to the old Allis-Chalmers you could get. I have confidence that if they could make a new ag division and make quality products it wouldn't take long for them to be back on top. I also agree that the dealers would go with it, especially the old AC dealers.
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1937 WC, 1950 CA, 1959 D14, 1967 190XT, 2006 Ram 3500
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