# Nabors to acquire Tesco Corporation in all-stock deal

Nabors Industries signed an arrangement agreement to acquire all outstanding shares of Tesco Corporation, with each Tesco share exchanged for 0.68 Nabors shares. The deal values Tesco at $4.62 per share and is expected to close in the fourth quarter of 2017.

- Type: Acquisition
- Announced: 2017-08-14
- Status: announced
- Products: rig equipment, drilling equipment, tubular services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nabors Industries](https://endata.com/companies/1919.md) (acquirer)
- [Tesco Corporation](https://endata.com/companies/1920.md) (target)

## Sources

- [investor.nabors.com](https://investor.nabors.com/2017-08-14-Nabors-Announces-Agreement-to-Acquire-Tesco-Corporation-in-an-All-Stock-Transaction), 2017-08-14: "Nabors Industries Ltd. ("Nabors") (NYSE: NBR) is pleased to announce that the company has signed an Arrangement Agreement ("Agreement") to acquire all of the issued and outstanding common shares of Tesco Corporation"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.