June 17, 2019 / 10:47 AM / 3 months ago

Oilfield services firms Keane Group, C&J Energy to merge in deal valued at $1.8 bln

June 17 (Reuters) - Oilfield services company Keane Group Inc said on Monday it will buy rival C&J Energy Services in a deal valued at about $1.8 billion, including debt, as it looks to scale up amid spending cuts by crude producers.

Reuters had reported earlier on Monday that the two companies are set to merge.

Reporting by Debroop Roy in Bengaluru; Editing by Shinjini Ganguli

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