Deal Snapshot
OILFIELD SERVICES FIRM TESCO WINS SHAREHOLDER NOD FOR ACQUISITION BY NABORS
Wednesday 06 December 2017

Shareholders of US-based oilfield services firm Tesco Corp. (NASDAQ: TESO) have approved the company's deal to be acquired by Bermuda-based drilling rig fleet operator Nabors Industries Ltd. (NYSE: NBR), the company said.
The approval process with the Federal Antimonopoly Service of the Russian Federation, which was initiated on October 10, 2017, remains ongoing. The companies expect the closing of the transaction to occur by year end.


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Details
Date Published: 06/12/2017
Target: Tesco Corp
Country: USA
Deal Size: 230m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Nabors Industries Ltd
Buyer Advisor: Intrepid Partners
Comment:


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