Patterson-UTI to acquire Seventy Seven Energy in all-stock merger

Patterson-UTI Energy agreed to acquire Seventy Seven Energy in an all-stock deal valued at about $1.76 billion, creating a larger US land drilling and pressure pumping fleet. Closing is expected late in Q1 2017.

“Patterson-UTI will acquire all of the issued and outstanding shares of common stock of Seventy Seven Energy.”investor.patenergy.com

• 1 source
• investor.patenergy.comPatterson-UTI Energy, Inc., Patterson-UTI Energy and Seventy Seven Energy Announce Agreement to MergeDec 12, 2016

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