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SEAHAWK DRILLING INC Message Board

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  • pumppiggie pumppiggie Feb 13, 2011 10:24 PM Flag

    If the merger paid all debts why file?

    Close but no cigar. BK allows HAWK to void the contract with PDE to not sell assets within 2 years of the spinoff. Of course this gives rise to a large claim from PDE which will likely mean shareholders get nothing.