Patterson-UTI Energy Inc.
said Thursday it has reached an agreement to combine with NexTier Oilfield Solutions Inc .NEX in an all-stock deal with an enterprise value of $5.4 billion. Under the terms of the board-approved deal, NexTier shareholders will receive 0.7520 shares of Patterson-UTI stock for each owned. Patterson-UTI shareholders will own about 55% of the combined company, while NexTier shareholders will own about 45%.
said Thursday it has reached an agreement to combine with NexTier Oilfield Solutions Inc . NEX in an all-stock deal with an enterprise value of $5.4 billion. Under the terms of the board-approved deal, NexTier shareholders will receive 0.7520 shares of Patterson-UTI stock for each owned. Patterson-UTI shareholders will own about 55% of the combined company, while NexTier shareholders will own about 45%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs upgrades Devon Energy, says shares look attractive following recent underperformanceThe setup for shares of Devon Energy looks rosier despite its recent streak of underperformance, according to Goldman Sachs.
Source: CNBC - 🏆 12. / 72 Read more »
Texas power grid experts predict energy demand could peak early this yearNBC 5’s Ben Russell explains Texas power grid conditions and when experts think the energy demand will peak.
Source: NBCDFW - 🏆 288. / 63 Read more »
Kevin O’Leary: US needs energy security, independence | Fox Business Video‘Shark Tank’ star Kevin O’Leary joins ‘The Evening Edit’ to discuss environmental activists go after insurance companies, threatening protests.
Source: FoxNews - 🏆 9. / 87 Read more »
Daily on Energy: Biden’s electric vehicle Goldilocks problemSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
Source: dcexaminer - 🏆 6. / 94 Read more »
Kristin Davis Wants to Fix The 'SATC' Feud But Won't Waste Her EnergyIt's a very 'Miranda' take.
Source: wmag - 🏆 723. / 51 Read more »
Josh Hawley presses Biden energy secretary over false testimony about stock purchasesSen. Josh Hawley, R-Mo., pressed Energy Secretary Jennifer Granholm in a letter Tuesday after she quietly admitted to lying to him about her stock ownership.
Source: FoxNews - 🏆 9. / 87 Read more »