McMillan, Ltd. v. Warrior Drilling & Engineering Co.

HOUSTON, Justice.

This is the second time these parties have been before this Court. See McMillan, Ltd. v. Warrior Drilling & Engineering Co., 512 So.2d 14 (Ala.1987), for a better understanding of the circumstances surrounding this case. We held on the first appeal that McMillan, Ltd., an Alabama limited partnership, had timely and effectively exercised its option to purchase stock' in Warrior Drilling & Engineering Company, Inc. (“Warrior”), an Alabama corporation owned by Howell Petroleum Corporation (“Howell”), a Delaware corporation with its principal place of business in Houston, Texas,…