Nabors to acquire Parker Wellbore for 4.8M shares; expected to boost free cash flow and leverage

NABORS INDUSTRIES LTD

Nabors will issue 4.8M shares (subject to collar between $42.70 and $99.62) for all Parker common stock.
Parker generated ~$180M EBITDA in FY2024; combined adj. EBITDA of $527M in H1 2024.
Deal adds Parker's 17 drilling rigs and leading Quail Tools tubular rental business to Nabors.
Expected to deliver immediate free cash flow accretion and improve Nabors' leverage metrics.
Nabors anticipates up to $35M annual expense synergies, majority within first 12 months post-close.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.