February 9, 2015 / 1:41 PM / 3 years ago

C&J Energy cuts purchase price for Nabors unit by $250 mln

Feb 9 (Reuters) - Oilfield services provider C&J Energy Services Inc, which is buying Nabors Industries Ltd's production services unit, said the two companies had agreed to reduce the cash portion of the deal by $250 million to $688 million.

Including stock, the deal was valued at $2.86 billion when it was announced in June. (Reporting by Anannya Pramanick in Bengaluru; Editing by Sriraj Kalluvila)

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