secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001193125-23-196872
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000119312523196872/0001193125-23-196872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000119312523196872/d496875d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-196872

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer