Nabors receives 13 demand letters over Parker merger disclosures; supplements proxy with financial forecasts

NABORS INDUSTRIES LTD

Nabors received 13 demand letters from putative shareholders alleging deficient merger disclosures; company believes letters are without merit.
Nabors voluntarily supplements Definitive Proxy Statement with new financial projections including Adjusted EBITDA, Adjusted Gross Margin by segment.
New supplemental disclosures include Adjusted EBITDA less CapEx forecasts of $320.4M (FY24E) and $516.4M (2025).
Special general meeting still scheduled for Jan 17, 2025; Board continues to recommend vote FOR the merger.

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