Patterson-UTI and NexTier clear HSR waiting period for pending all-stock merger

PATTERSON UTI ENERGY INC

HSR Act waiting period expired July 27, 2023, satisfying one key closing condition for the merger.
Merger remains subject to shareholder approvals of both companies and other customary conditions.
The parties executed a first amendment to the merger agreement related to the Delaware voting standard for the charter amendment proposal.
Transaction remains on track to close in 2023; no financial terms revised.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PATTERSON UTI ENERGY INC amended First Amendment to the Merger Agreement with NexTier Oilfield Solutions Inc. (effective 2023-07-27).

Action: amendment
Agreement: merger
Counterparty: NexTier Oilfield Solutions Inc.
Effective: 2023-07-27

Exact text from the filing

On July 27, 2023, Patterson-UTI and NexTier entered into the First Amendment to the Merger Agreement (the “ Amendment ”) with respect to the new voting standard under Delaware law for the Patterson-UTI charter amendment proposal.

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PATTERSON UTI ENERGY INC filing history →

Source: SEC EDGAR

accession 0001193125-23-196872

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