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Nabors Industries has signed a definitive agreement to acquire all shares of Parker Wellbore in exchange for 4.8 million Nabors common shares, subject to a share price collar. Parker provides downhole tubular rentals and drilling services, including 17 drilling rigs.
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.
