Seadrill delisted as pandemic slows business
Offshore drilling contractor Seadrill is trading as a penny stock after being voluntarily delisted from the New York Stock Exchange.
The company’s stock began trading below $1 per share in March, triggering a delisting warning. Due to the impact of the coronavirus pandemic on the offshore drilling industry, Seadrill’s board decided to withdraw the company’s stock. Seadrill is headquartered in Bermuda with its principal offices in Houston. It laid off 135 employees earlier this month after one of its drillships in the Gulf of Mexico completed a contract and could not find other work.
Brewer strikes water deal
Houston’s Buffalo Bayou Brewing Co. has entered into a partnership with Richard’s Rainwater.
The deal will expand the bottled rainwater company’s production capacity and commitment to local brewery partnerships.
The Austin-based brand captures renewable rainwater before it has a chance to hit the ground — making it 100 times cleaner than the strictest standard for bottled water purity.
Killen’s expands in The Woodlands
Killen’s Restaurant Group acquired the 4,249-square-foot former Culver’s restaurant building on 1.4 acres at 8800 Six Pines Drive in Shenandoah near The Woodlands for a second Killen’s Texas Barbecue location.
Ronnie Killen established his brand in Pearland in 2013. J.J. McDermott and Jon Jamison of NewQuest Properties represented the buyer. Josh Jacobs of Edge Realty Partners represented the seller, PDQ Texas RE Woodlands.