Expro and Frank's International to combine in all-stock merger

Expro Group and Frank's International announced a definitive agreement to combine in an all-stock transaction. Expro shareholders will own approximately 65% of the combined entity, with Frank's shareholders owning approximately 35%. The combined company will have no debt and approximately $285 million of cash.

“This transaction unites two established industry players to create a leading service provider with an extensive portfolio of capabilities across the well lifecycle.”expro.com

• 1 source
• expro.comExpro and Frank’s to Combine to Create a Leading Full-Cycle… | ExproExproMar 11, 2021

Summarized from public sources; check the original articles before acting on it.