By Margarita Snegireva. In order to gain a firmer foothold in the United States and expand in the Latam and African markets Oilfield services company Allis-Chalmers Energy Inc agreed to buy Bronco Drilling Company Inc for about $437.8 million in cash and stock.
Shares of the companies rose on the news as the deal is expected to benefit both firms at a time when the oilfield services market in North America is being hit by weaker prices fueled by oversupply.
The Allis-Chalmers Manufacturing Co. of Milwaukee was an American manufacturer with diverse interests, perhaps most famous for their bright orange farm tractors. The company eventually divested its manufacturing businesses and today is known as Allis-Chalmers Energy based in Houston, Texas. Micki Hidayatallah is the current Chief Executive.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
The Buk system that shot down MH17 belonged to the 53rd SAM missile brigade of the Russian Ministry of Defense, investigators say after looking at a few pictures on the net
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War