Dril-Quip and Innovex Downhole Solutions to merge in all-stock deal

Dril-Quip, Inc. and Innovex Downhole Solutions, Inc. announced a definitive agreement to merge in an all-stock transaction. Dril-Quip stockholders will own approximately 52% and Innovex stockholders approximately 48% of the combined company.

“Dril-Quip, Inc. and Innovex Downhole Solutions, Inc. announced a definitive agreement under which Dril-Quip and Innovex will merge in an all-stock transaction to create a unique energy industrial platform.”worldoil.com

• 3 sources
• worldoil.comDril-Quip, Innovex Downhole Solutions merge to form “unique” oil and gas industrial platformMar 19, 2024
• jpt.spe.orgDril-Quip To Merge With Innovex Downhole SolutionsJennifer PresleyMar 19, 2024
• drillingcontractor.orgDril-Quip merging with Innovex to create energy industrial platform - Drilling ContractorEditorial AssistantMar 25, 2024

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