secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K/A
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001104659-25-051646
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nabors completes Parker Drilling acquisition; provides audited 2024 financials
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- Acquired Parker Drilling on March 11, 2025 for 4.8M shares (subject to collar) plus debt assumption and up to $34M expenses.
- Parker 2024 revenue $598M, net income $27.9M; 2023 revenue $587M, net income $115.8M (including $67.9M deferred tax benefit).
- Parker's total assets $711.8M, equity $381.6M as of Dec 31, 2024; operates rental tools and drilling services globally.
- Filing includes unaudited pro forma combined financials for Nabors for year ended Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465925051646/0001104659-25-051646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465925051646/tm2513359d2_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-051646

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