Brief: Helmerich & Payne Announces Agreement To Acquire KCA Deutag

Helmerich & Payne

25/07/2024 14:27

July 25 (Reuters) - Helmerich and Payne Inc  HP.N :
    * HELMERICH & PAYNE ANNOUNCES AGREEMENT TO ACQUIRE KCA
DEUTAG
    * HELMERICH AND PAYNE INC: PROPOSED DEAL FOR FOR $1.9725
BILLION
IN CASH.
    * HELMERICH AND PAYNE INC: PROPOSED DEAL FOR $1.9725 BILLION
IN
CASH.
    * HELMERICH AND PAYNE: DEAL IMMEDIATELY ACCRETIVE TO CASH
FLOW AND
FREE CASH FLOW PER SHARE
    * HELMERICH AND PAYNE INC - TRANSACTION WILL BE FUNDED WITH
CASH
ON HAND AND NEW BORROWINGS
    * HELMERICH AND PAYNE INC: TRANSACTION WILL BE FUNDED WITH
CASH ON
HAND AND NEW BORROWINGS
    * HELMERICH AND PAYNE INC - UPON CLOSE OF DEAL H&P TO HAVE 3
PRIMARY OPERATING SEGMENTS
    * HELMERICH AND PAYNE: TO MAINTAIN CURRENT BASE DIVIDEND AND
INTENDS TO PAY 4TH AND FINAL INSTALLMENT OF FISCAL 2024
SUPPLEMENTAL DIVIDEND AS DECLARED
    * HELMERICH AND PAYNE INC: DOES NOT ANTICIPATE PROVIDING A
SUPPLEMENTAL DIVIDEND DURING NEAR-TERM DELEVERAGING PERIOD

Source text for Eikon:  ID:nBw4BxJrca 
Further company coverage:  HP.N 

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