Brief: Cobra Acquisitions Announces Settlement Agreement With Prepa

Mammoth Energy Services

22/07/2024 22:17

July 22 (Reuters) - Cobra Acquisitions:
    * COBRA ACQUISITIONS LLC ANNOUNCES SETTLEMENT AGREEMENT WITH
PREPA
    * MAMMOTH ENERGY SERVICES: TOTAL SETTLEMENT PROCEEDS
EXPECTED TO
BE ABOUT $188 MILLION
    * MAMMOTH ENERGY SERVICES INC - AS RESULT OF SETTLEMENT
AGREEMENT,
CO WILL RECORD NON-CASH, PRE-TAX CHARGE OF APPROXIMATELY $170.7
MILLION IN Q2 OF 2024

Source text for Eikon:  ID:nPn1bhsjfa 

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