---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-108681"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:25:11.168183+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-108681
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465924108681/0001104659-24-108681-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465924108681/tm2426117d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-108681
- JSON: https://secwatch.observer/filing/0001104659-24-108681.json
- Plain text: https://secwatch.observer/filing/0001104659-24-108681.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.