Brief: Nabors Industries Announces Agreement To Acquire Parker Wellbore

Nabors Industries

15/10/2024 13:04

Oct 15 (Reuters) - Nabors Industries Ltd  NBR.N :
    * NABORS INDUSTRIES ANNOUNCES AGREEMENT TO ACQUIRE PARKER
WELLBORE
    * NABORS INDUSTRIES LTD - EXPECTS $35 MILLION ANNUALIZED
EXPENSE
SYNERGIES FROM DEAL
    * NABORS INDUSTRIES LTD - TO ACQUIRE PARKER WELLBORE FOR 4.8
MILLION SHARES
    * NABORS INDUSTRIES LTD: WILL ACQUIRE ALL OF PARKER'S ISSUED
AND
OUTSTANDING COMMON SHARES IN EXCHANGE FOR 4.8 MILLION SHARES OF
NABORS COMMON STOCK
    * NABORS INDUSTRIES LTD - TO ASSUME $100 MILLION NET DEBT IN
PARKER ACQUISITION

Source text for Eikon:  ID:nPn59nrMma 
Further company coverage:  NBR.N 

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