Nabors Industries Announces Agreement To Acquire Parker Wellbore In Exchange For 4.8M Shares Of Nabors Common Stock, And The Assumption Of Net Debt Totaling ~$100M; Adjusted EBITDA For The First 6-Months Of 2024 Totaled $527M. For FY24, Parker Expects To Generate EBITDA Of $180M
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Nabors Industries (NYSE:NBR) is set to acquire Parker Wellbore by exchanging 4.8 million shares of Nabors common stock and assuming $100 million in net debt. The acquisition is expected to enhance Nabors' EBITDA and improve leverage metrics.
October 15, 2024 | 12:08 pm
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Nabors Industries is acquiring Parker Wellbore, which is expected to enhance Nabors' EBITDA and improve leverage metrics. The deal involves exchanging 4.8 million shares and assuming $100 million in net debt.
The acquisition of Parker Wellbore by Nabors Industries is a significant strategic move that is expected to enhance Nabors' EBITDA and improve its leverage metrics. The transaction involves a share exchange and assumption of debt, which indicates a positive outlook for Nabors' financial performance.
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