secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001193125-21-354782
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Energy Services acquires Nuverra Environmental for ~$45M; also buys HB Rentals onshore assets
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- Nuverra holders receive 0.255 shares of WTTR per NES share (~4.2M shares); includes assumption of ~$20M debt.
- Transaction unanimously approved by both boards; expected close Q1 2022, subject to NES stockholder approval.
- Support agreements cover ~85% of Nuverra voting shares; termination fee of $2.5M payable by Nuverra under certain conditions.
- Select also closed HB Rentals acquisition Dec 3, 2021 — issued 1.2M shares and paid $1.5M cash for U.S. onshore rentals operations.
- Nuverra adds >300K bbl/day disposal capacity and a 60-mile twin pipeline in Haynesville; >60% revenue from production-related services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000119312521354782/0001193125-21-354782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000119312521354782/d253250d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-354782

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