Edition:
United Kingdom

Arkos Disputes Validity Of Burckhardt Compression Equity Call


Wednesday, 17 Jul 2019 

July 17 (Reuters) - Burckhardt Compression Holding AG ::ARKOS SAYS PENDING LITIGATION BROUGHT BY ARKOS AGAINST BURCKHARDT ENTITIES MUST BE RESOLVED PRIOR TO ANY LEGITIMATE TRANSFER OF UNITS INCLUDING ARKOS FIELD SERVICES.ARKOS SAYS BURCKHARDT MADE MISLEADING CLAIMS IN ITS NOTICE OF ITS EXERCISE OF A CALL OPTION TO ACQUIRE A MAJORITY INTEREST IN ARKOS FIELD SERVICES, LP.ARKOS FIELD SERVICES SAYS STRONGLY DISPUTES THE VALIDITY OF THE EQUITY CALL AND HAS NO PLANS TO CHANGE THE MANAGEMENT OR OWNERSHIP STRUCTURE.