| Global Hunter Securities Announces Sale of Bender Shipbuilding & Repair Co Inc |
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| Tuesday, 09 March 2010 19:23 |
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Global Hunter Securities has announced the successful auction and sale of the assets of Bender Shipbuilding & Repair Co, Inc. Bender Shipbuilding filed for protection under Chapter 11 of the bankruptcy code in July 2009. Signal International placed the winning bid at $31.3 million. Signal International is based in Mobile, Alabama, where it is engaged in the provision of marine fabrication services in the Gulf Coast region. The assets sold were comprised of 40 acres of industrial land which includes 4,500 feet of waterfront property on the Mobile River and shipyard equipment, two floating dry docks, and other associated real property. The US Bankruptcy Court for the Southern District of Alabama administered the sale. Bender Shipbuilding received counsel from Lugenbuhl, Wheaton, Peck, Rankin & Hubbard. Global Hunter Securities, LLC is a full service investment bank focusing on middle market corporate and institutional clients around the world. The firm provides insightful research, innovative capital raising and financial advisory and restructuring services supported by a sales and trading staff with world-wide reach. The firm has offices in Los Angeles, New York, Houston, New Orleans, Newport Beach and Hong Kong, as well as a strong presence and reputation in mainland China. |
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