M&A
confidence high
sentiment positive
materiality 0.65
Nabors shareholders approve share issuance for Parker Drilling merger
NABORS INDUSTRIES LTD
- Special general meeting held Jan 17, 2025; quorum 70.49% of outstanding shares.
- Share issuance proposal approved with 91.17% votes in favor (6,882,425 for, 653,125 against).
- Adjournment proposal also approved (87.64%) but not needed after share issuance passed.
- Merger of Nabors SubA with Parker Drilling; Parker survives as wholly owned subsidiary.