Brief: Archrock To Acquire Gas Compression Systems Provider TOPS For $983 Mln

Archrock

22/07/2024 22:12

July 22 (Reuters) - Archrock and Total Operations and
Production Services:
    * ARCHROCK TO ACQUIRE TOTAL OPERATIONS AND PRODUCTION
SERVICES,
LLC
    * ARCHROCK INC - $983 MILLION CASH AND STOCK TRANSACTION
    * ARCHROCK INC: TRANSACTION EXPECTED TO BE IMMEDIATELY
ACCRETIVE
TO ARCHROCK'S EARNINGS PER SHARE
    * ARCHROCK INC - FOLLOWING CLOSE OF TRANSACTION, TOPS WILL
CONTINUE TO BE LED BY BRIAN GREEN
    * ARCHROCK INC: UNDER AGREEMENT, ARCHROCK WILL ISSUE ABOUT
6.87
MILLION NEW ARCHROCK COMMON SHARES TO SELLERS
    * ARCHROCK INC: INTENDS TO FUND $826 MILLION CASH PORTION OF
TOTAL
CONSIDERATION WITH A COMBINATION OF EQUITY AND DEBT

Source text for Eikon:  ID:nGNX3gQSgh 

 ((Reuters.Briefs@thomsonreuters.com;))