Helmerich & Payne to sell ADNOC Drilling stake for $197M, proceeds to fund KCA Deutag acquisition

Helmerich & Payne, Inc.

Sold 159.7M ADNOC Drilling shares for ~$197M, up from $100M cornerstone investment.
Closing expected mid-October; net proceeds to reduce bridge loan commitments for pending KCA Deutag acquisition.
Realized ~$97M gain on ADNOC Drilling stake; strengthens financial position for acquisition financing.

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