Year: 2020 | Month: December | Volume 8 | Issue 2
Why Nabors Industries (NBR) Acquired Tesco Corporation (TESO) in an All-Stock Transaction: A Case Study
Jameel Mohammed Ahmed
Shanavas Moosafintavida
DOI:10.30954/2322-0465.2.2020.7
Abstract:
This article examines why Nabors Industries (NBR) acquired OFS (Oilfield equipment and services) industry peer Tesco (TESO). The study draws on a dataset from analysts, corporate advisers,and other sources, regarding the acquisition of Tesco by Nabors. The case study illuminates several dimensions of the Tesco & Nabors international experience before and after acquisitions and why analyst is calling the transaction a win for both buyer and seller? Is the deal also takes out a competitor in the top-drive market? Nabors Industries’ $216 million acquisition of Tesco Corp is still believed as a valuable deal at the oilfield services industry
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