SEACOR Holdings

American Industrial Partners Announces 67.64% of SEACOR Shares Tendered

Thursday, April 8, 2021 - 1:30pm

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 67.64% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 67.64% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.
  • The actual physical or book-entry delivery of shares in excess of the minimum tender condition is required in order for Purchaser to accept for payment all shares tendered.
  • Of these shares, 12,276,599 shares, representing 59.73% of the outstanding shares, were tendered physically or by book-entry, and 1,625,714 shares were tendered pursuant to guaranteed delivery procedures.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.

American Industrial Partners Extends SEACOR Tender Offer

Wednesday, April 7, 2021 - 1:30pm

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 65.66% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 65.66% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.
  • SEACORS STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER.

American Industrial Partners Announces Final Extension of Seacor Holdings Inc. Tender Offer

Thursday, April 1, 2021 - 1:30pm

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced the final extension of its tender offer for shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) until 5:00 p.m. Eastern Time on Monday, April 5, 2021, which is the End Date under the Merger Agreement.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced the final extension of its tender offer for shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) until 5:00 p.m. Eastern Time on Monday, April 5, 2021, which is the End Date under the Merger Agreement.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.
  • The Tender Offer Statement and the Solicitation/Recommendation Statement are available for free at the SECs web site at www.sec.gov .

American Industrial Partners Announces Extension of SEACOR Holdings Inc. Tender Offer

Monday, March 29, 2021 - 1:30pm

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that Purchasers tender offer for shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) has achieved 59.05% of the outstanding shares tendered, and Purchaser has extended the expiration date until 5:00 p.m. Eastern Time on Wednesday, March 31, 2021.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that Purchasers tender offer for shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) has achieved 59.05% of the outstanding shares tendered, and Purchaser has extended the expiration date until 5:00 p.m. Eastern Time on Wednesday, March 31, 2021.
  • Jason Perri, a Partner at American Industrial Partners, commented We have achieved nearly 60% of the outstanding shares tendered, and we continue to have good momentum.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.

American Industrial Partners Announces Extension of SEACOR Holdings Inc. Tender Offer

Monday, March 22, 2021 - 12:30pm

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that Purchasers tender offer for shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) has achieved 54.5% of the outstanding shares tendered, and Purchaser has extended the expiration date until 5:00 p.m. Eastern Time on Friday, March 26, 2021.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that Purchasers tender offer for shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) has achieved 54.5% of the outstanding shares tendered, and Purchaser has extended the expiration date until 5:00 p.m. Eastern Time on Friday, March 26, 2021.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.
  • The Tender Offer Statement and the Solicitation/Recommendation Statement are available for free at the SECs web site at www.sec.gov .

American Industrial Partners Announces Extension of SEACOR Holdings Inc. Tender Offer

Monday, March 15, 2021 - 12:30pm

American Industrial Partners has announced that Safari Merger Subsidiary, Inc. (Purchaser), an affiliate of American Industrial Partners, has extended until 5:00 p.m. Eastern Time on Friday, March 19, 2021 the expiration time for its previously announced cash tender offer to purchase all of the outstanding shares of common stock (the Shares) of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) at a price of $41.50 per share.

Key Points: 
  • American Industrial Partners has announced that Safari Merger Subsidiary, Inc. (Purchaser), an affiliate of American Industrial Partners, has extended until 5:00 p.m. Eastern Time on Friday, March 19, 2021 the expiration time for its previously announced cash tender offer to purchase all of the outstanding shares of common stock (the Shares) of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) at a price of $41.50 per share.
  • The amount tendered includes approximately 3,445,517 Shares delivered pursuant to guaranteed delivery procedures that had been validly tendered pursuant to the tender offer.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.

CG Railway Launches New Rail Ferry

Thursday, March 11, 2021 - 1:30pm

CG Railway (CGR) today announced the launch of the first of two new rail ferries.

Key Points: 
  • CG Railway (CGR) today announced the launch of the first of two new rail ferries.
  • The trip across the Gulf currently takes approximately five days, or half the time required for the overland route.
  • G&W and SEACOR Holdings formed the rail-ferry joint venture that includes CG Railway LLC in 2017, combining the two companies unmatched experience in rail and marine transportation and logistics services.
  • G&Ws UK/Europe Region includes the U.K.s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.

American Industrial Partners Announces Best and Final Offer for the Acquisition of SEACOR Holdings Inc.

Monday, March 8, 2021 - 1:00pm

American Industrial Partners (AIP) is reinforcing its commitment to the offer to acquire all of the outstanding common stock of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) at the tender offer price of $41.50 per share.

Key Points: 
  • American Industrial Partners (AIP) is reinforcing its commitment to the offer to acquire all of the outstanding common stock of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) at the tender offer price of $41.50 per share.
  • AIP must make clear that $41.50 is its best and final offer and it believes that there is significant downside to shareholders if the transaction does not close on these terms.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.
  • This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of SEACOR.

American Industrial Partners Announces Extension of SEACOR Holdings Inc. Tender Offer

Friday, February 5, 2021 - 2:00pm

American Industrial Partners has announced that Safari Merger Subsidiary, Inc. (Purchaser), an affiliate of American Industrial Partners, has extended until 5:00 p.m. Eastern Time on Friday, February 12, 2021 the expiration time for its previously announced cash tender offer to purchase all of the outstanding shares of common stock (the Shares) of SEACOR Holdings Inc. (NYSE:CKH) (SEACOR) at a price of $41.50 per share.

Key Points: 
  • American Industrial Partners has announced that Safari Merger Subsidiary, Inc. (Purchaser), an affiliate of American Industrial Partners, has extended until 5:00 p.m. Eastern Time on Friday, February 12, 2021 the expiration time for its previously announced cash tender offer to purchase all of the outstanding shares of common stock (the Shares) of SEACOR Holdings Inc. (NYSE:CKH) (SEACOR) at a price of $41.50 per share.
  • Shareholders who have already tendered their Shares do not have to re-tender their Shares or take any other action as a result of the extension of the tender offer.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.

STOCKHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of SEACOR Holdings Inc. (CKH)

Friday, January 22, 2021 - 4:47pm

PHILADELPHIA, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating SEACOR Holdings Inc. (SEACOR) (NYSE: CKH) on behalf of the companys stockholders.

Key Points: 
  • PHILADELPHIA, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating SEACOR Holdings Inc. (SEACOR) (NYSE: CKH) on behalf of the companys stockholders.
  • SEACOR stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.)
  • Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation.
  • For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .