BRIEF-Weatherford Announces Definitive Agreement to Acquire NCS Multistage

Weatherford
NCS Multistage

Weatherford

WFRD

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NCS Multistage

NCSM

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June 1 (Reuters) - NCS Multistage Holdings Inc NCSM.O:

  • WEATHERFORD ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE NCS MULTISTAGE, EXPANDING COMPLETIONS PORTFOLIO AND UNCONVENTIONAL RESOURCE EXPOSURE

  • WEATHERFORD: NCS MULTISTAGE INVESTORS CAN GET EITHER WEATHERFORD STOCK OR COMBINATION OF WEATHERFORD STOCK AND CASH

  • WEATHERFORD INTERNATIONAL: UNDER TERMS, NCS MULTISTAGE STOCKHOLDERS CAN ELECT TO RECEIVE EITHER 0.554 SHARES OF WEATHERFORD COMMON STOCK AT CLOSING

  • WEATHERFORD: ON BLENDED BASIS, DEAL EQUIVALENT OF 0.463 SHARES OF WEATHERFORD WITH UP TO 19.99% OF EQUITY CONSIDERATION PAYABLE IN CASH

  • WEATHERFORD INTERNATIONAL: NCS MULTISTAGE STOCKHOLDERS CAN GET 0.239 SHARES OF CO'S COMMON STOCK CASH EQUAL TO 0.137 SHARES OF CO'S STOCK AT CLOSE

  • WEATHERFORD INTERNATIONAL: EXPECT TO REALIZE AT LEAST $15 MILLION IN ANNUAL RUN-RATE COST SYNERGIES OVER A PERIOD OF 18 MONTHS

Source text: ID:nGNX8QTzrp

Further company coverage: NCSM.O


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