Nabors Industries Purchases Tesco Corp
Nabors Industries is famed to be one of the most successful companies in the United States at the moment. The company was established several years ago, and its offices are found in Houston. The company has branches in different parts of the world. The company has a qualified and experienced team of experts who work in different departments to make sure that the company makes good profits. Nabors Industries boast about having the best leaders too. The chief executive officer of business is Tony Petrello. The hedge fund manager has been in the industry for a long time, and he has introduced so many changes in the company.
Just recently, the Nabors Industries announced to its clients that it was going to acquire a company known as Tesco Corp. The institution is based in Houston, and it will bring the expertise and skills needed to take Nabors industries to the other level. According to the management of the two companies, the deal will be closing during the fourth quarter of the year 2017.
The leaders of Nabors have released a statement saying that the Tesco common stock at almost five dollars per share. This figure has been given based on closing price of business that was issued on Nabors shares last year in august. Both companies are expected to benefit from the favorable deal at the end of the day.
Tesco has been in the market for a while now, and it focuses on designing, manufacturing and also offering consumers’ technology based solutions. The company has changed the energy industry since it was established. On the other hand, Nabors is respected by many for owning and also operating some of the largest land based drilling fleets in the world. The company also offers customers offshore platform rigs, performance tools, and directional drilling.
Tony Petrello is one of the most influential individuals in the energy industry. As the leader of Nabors Industries, Petrello has been doing his best to make sure that the company beats its competitors. Petrello has won numerous awards due to his many accomplishments in the energy industries. His expertise and experience have been fundamental in the success of the company.
About Tony Petrello: fuelfix.com/blog/tag/anthony-petrello/