Edition:
United Kingdom

Oil States To Acquire GEODynamics


Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Oil States International Inc ::OIL STATES TO ACQUIRE GEODYNAMICS.OIL STATES INTERNATIONAL INC - TOTAL TRANSACTION CONSIDERATION OF $525 MILLION CONSISTS OF A COMBINATION OF $300 MILLION OF CASH AT DEAL CLOSING.OIL STATES INTERNATIONAL INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE.OIL STATES INTERNATIONAL - DEAL ALSO CONSISTS OF ISSUANCE OF 8.66 MILLION SHARES OF OIL STATES STOCK, VALUED AT $200 MILLION.OIL STATES - DEAL ON CASH-FREE, DEBT-FREE BASIS WITH ABOUT $24 MILLION OF GEODYNAMICS' DEBT BEING REPAID BY SELLERS AT DEAL CLOSING. 

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