CKH - SEACO trades low as American Industrial Partners announces best and final offer

American Industrial Partners to acquire SEACOR ([[CKH]] -2.1%) at the tender offer price of $41.50 per share.AIP’s offer price represents an approximately 31% premium over 90-day volume weighted average price prior to announcing the take-private transaction.Company’s board, management and all other insiders are all selling 100% of their equity in the context of this transaction.AIP observes that while it of course believes that this transaction represents a good long-term investment for AIP, in its view SEACOR is a poor fit as a public company, and if the transaction doesn’t close there is significant near- and long-term risk for stockholders.Shares trade at $40.70.

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SEACO trades low as American Industrial Partners announces best and final offer