Hydril shareholders complete $88 million Rule 144 sale of restricted common stock

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Hydril shareholders complete an $88 million Rule 144 sale of restricted common stock

Kerlin acted as the financial advisor to the Seaver Institute, certain Seaver family trusts and other entities, who collectively sold approximately $88 million of Hydril shares through a series of structured transactions that have followed the conditions of Rule 144. The sales were completed through block trades and agency transactions. The Company went public in 2000 and these sales were part of an overall family liquidity plan.