Mergers and Acquisitions

Drill Rig Co.'s $16M Ch. 11 Sale OK'd Over Creditor Objections

A Delaware bankruptcy judge on Monday gave a nod to the $16.3 million sale of bankrupt drilling rig maker Schramm Inc. despite strong opposition from unsecured creditors who said the sale was an insider deal set up to benefit a company lender and equityholder ...read more