Brief: Select Energy Services To Buy Nuverra Environmental Solutions

Select Water Solutions

13/12/2021 13:39

Dec 13 (Reuters) - Nuverra Environmental Solutions Inc
 NES.A :
    * SELECT ENERGY SERVICES ENTERS INTO DEFINITIVE AGREEMENT TO
ACQUIRE NUVERRA ENVIRONMENTAL SOLUTIONS AND CLOSES ON THE
ACQUISITION OF THE U.S. ONSHORE ASSETS OF HB RENTALS
    * SELECT ENERGY SERVICES - DEAL FOR TOTAL CONSIDERATION OF
ABOUT
$45 MILLION, INCLUDING ASSUMPTION OF ABOUT $20 MILLION OF
LONG-TERM DEBT, NET OF CASH
    * SELECT ENERGY SERVICES - NUVERRA STOCKHOLDERS TO RECEIVE
ABOUT
4.2 MILLION SHARES OF SELECT CLASS A COMMON STOCK IN EXCHANGE
FOR ALL SHARES OF NUVERRA

Source text for Eikon:  ID:nPn1M66fna 
Further company coverage:  NES.A 

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