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Allis-Chalmers Energy

Printed From: Unofficial Allis
Category: Allis Chalmers
Forum Name: Farm Equipment
Forum Description: everything about Allis-Chalmers farm equipment
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=21084
Printed Date: 11 Feb 2025 at 10:09pm
Software Version: Web Wiz Forums 11.10 - http://www.webwizforums.com


Topic: Allis-Chalmers Energy
Posted By: AllisChalmers37
Subject: Allis-Chalmers Energy
Date Posted: 19 Nov 2010 at 7:54pm
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



Replies:
Posted By: DougG
Date Posted: 19 Nov 2010 at 8:06pm
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


Posted By: gleaner1
Date Posted: 20 Nov 2010 at 10:53am
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"


Posted By: EPALLIS
Date Posted: 20 Nov 2010 at 9:33pm
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.


Posted By: gleaner1
Date Posted: 21 Nov 2010 at 11:19am
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"


Posted By: Spud
Date Posted: 21 Nov 2010 at 9:13pm
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.


Posted By: DougG
Date Posted: 24 Nov 2010 at 4:21pm
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 !!!


Posted By: EPALLIS
Date Posted: 25 Nov 2010 at 12:58am
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.


Posted By: JohnCO
Date Posted: 25 Nov 2010 at 1:12am
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"
Allis Express participant


Posted By: bigallis1
Date Posted: 25 Nov 2010 at 6:31am
Hope they keep the name alive.


Posted By: nowversatile
Date 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. 


Posted By: AllisChalmers37
Date Posted: 25 Nov 2010 at 9:21am
Originally posted by nowversatile 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. 
 
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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