American Industrial Partners Announces 67.44% of SEACOR Shares Tendered; Offer Extended One Day for Guaranteed Deliveries

NEW YORK--(BUSINESS WIRE)--American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (“Purchaser”) announced that 67.44% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) have been tendered pursuant to Purchaser’s outstanding tender offer at $41.50 per share. The transaction’s minimum tender condition is 66 2/3%. Approximately 428,000 shares have been tendered pursuant to guaranteed delivery procedures, and the actual delivery of shares in excess of the minimum tender condition is required in order for Purchaser to accept for payment all shares tendered. Accordingly, the tender offer has been extended until 5:00 p.m. on Tuesday, April 6, 2021 in order for the requisite number of these tendered shares to be delivered either physically or by book entry.