Select Water Solutions Announces Acquisition Of Water Infrastructure Assets For ~$90M In Aggregate Cash Consideration
Portfolio Pulse from Benzinga Newsdesk
Select Water Solutions has acquired water infrastructure assets for approximately $90 million in aggregate cash consideration. The acquisition is expected to enhance the company's capabilities and expand its market presence.
January 30, 2024 | 9:42 pm
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POSITIVE IMPACT
Select Water Solutions' acquisition of water infrastructure assets for $90M may positively impact WTTR's business by expanding its capabilities and market presence.
The acquisition of water infrastructure assets by Select Water Solutions for $90M is likely to be seen as a positive development for WTTR. It suggests an expansion strategy and a commitment to growing the company's market presence and capabilities. This could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80