Brief: Archer Signs Term Sheet To Potentially Acquire Baker Hughes' Coil Tubing And Pumping Business In UK

Archer

17/01/2023 14:46

Jan 17 (Reuters) - Archer Ltd  ARCHA.OL :
    * ARCHER LIMITED: ARCHER SIGNS TERM SHEET TO POTENTIALLY
ACQUIRE
BAKER HUGHES' COIL TUBING AND PUMPING BUSINESS IN THE UNITED
KINGDOM
    * UK COMPETITION AND MARKETS AUTHORITY IS UNDERTAKING PUBLIC
CONSULTATION PROCESS WITH ARCHER AND ONE OTHER POTENTIAL
PURCHASER, EXPECTED TO CONCLUDE BY FEB 1, 2023

Source text for Eikon:  ID:nWkr3bV67X 
Further company coverage:  ARCHA.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))