Monthly Archives: May 2017

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Akradi Believes NOG Unrisked NAV to Top $10

Mr. Richard Weber Chairman, Board of Directors Northern Oil and Gas, Inc. 315 Manitoba Avenue, Suite 200 Wayzata, MN 55391   Richard, As you know, I currently own 9.47% of the shares of Northern Oil and Gas, Inc., (“Northern” or the “Company”), and I am the second largest shareholder of the Company. We have discussed…

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Wynnefield Upset at Firing of CEO at Xerium

The Wynnefield Reporting Persons are compelled to file a 13D following an astounding chain of events that included the release of first quarter 2017 earnings which evidenced clear signs that the challenging turnaround of the Issuer’s operations had begun to take hold. This upbeat news was accompanied by the firing WITHOUT CAUSE of the architect…

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Tidewater Files Chapter 11

Link to Docket: https://tinyurl.com/me6e7n9 NEW ORLEANS, May 17, 2017—Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it and certain of its subsidiaries (collectively with Tidewater, the “Debtors”), have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the…

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GulfMark Offshore Files Chapter 11

Link to Docket: https://cases.primeclerk.com/gulfmark HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) — GulfMark Offshore, Inc. (“GulfMark”) (GLFM) announced today that it has commenced a chapter 11 case in the United States Bankruptcy Court for the District of Delaware. The bankruptcy filing is the next step in GulfMark’s restructuring efforts launched by the previously announced Restructuring Support Agreement…

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Pentair to Split Into Two

LONDON, May 9, 2017 /PRNewswire/ — Pentair plc (NYSE: PNR) (“Pentair”) today announced that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies. Both companies will benefit from market-leading positions in their respective industries, well-recognized brands, attractive margin profiles, strong free cash flow generation and compelling growth opportunities….

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Nuverra Environmental Files Chapter 11

Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) (NESC) announced today that the Company and its subsidiaries (collectively, the “Nuverra Parties”) have filed voluntary petitions for reorganization under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), pursuant to…

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Republic Airways Emerges From Chapter 11

Republic Airways Holdings Inc., the parent of Republic Airline, the world’s largest E-Jet operator and the second-largest regional airline in the United States, announced today that it emerged from its Chapter 11 restructuring effective April 30, 2017. Republic will be closely held by certain unsecured creditors as outlined in its court-approved plan of reorganization. Republic…

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Delphi Auto to Spin-Off Powertrain Unit

GILLINGHAM, England, May 3, 2017 /PRNewswire/ — Delphi Automotive PLC (NYSE: DLPH) today announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company (“Powertrain”). Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies….

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