Weatherford to acquire NCS Multistage for 0.463 shares per NCS share; expected close H2 2026

NCS Multistage Holdings, Inc.

NCS stockholders elect either 0.554 Weatherford shares or mix of 0.239 shares plus cash equivalent to 0.137 shares, blended ~0.463 shares per NCS share.
Annual cost synergies of at least $15 million expected within 18 months; deal immediately accretive to adjusted free cash flow per share.
Holders of >50% of NCS shares have consented; no stockholder vote required; both boards unanimously approved.
Termination fees: Weatherford pays $9.7M if novation fails; NCS pays $5.5M if terminates for superior proposal.
Closing subject to regulatory approvals and other conditions; expected in second half of 2026.

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

NCS Multistage Holdings, Inc. entered into Agreement and Plan of Merger with Weatherford International plc, Trinity Bell Sub, Inc. (effective 2026-05-31).

Action: entry
Agreement: merger
Counterparty: Weatherford International plc, Trinity Bell Sub, Inc.
Effective: 2026-05-31

Exact text from the filing

On May 31, 2026, NCS Multistage Holdings, Inc., a Delaware corporation (“ NCS ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among NCS, Weatherford International plc, an Irish public limited company (“ Weatherford ”), and Trinity Bell Sub, Inc., a Delaware corporation and wholly owned subsidiary of Weatherford (“ Merger Sub ”), pursuant to which, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into NCS (the “ Merger ”), with NCS surviving the Merger as a wholly owned subsidiary of Weatherford.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.85

NCS Multistage Holdings, Inc. shareholders approved Approval of the merger agreement with Weatherford at the 2026-05-31 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2026-05-31

Exact text from the filing

On May 31, 2026, the NCS Stockholder Consent became effective immediately following the execution of the Merger Agreement. As a result of the NCS Stockholder Consent, no further approval by the stockholders of NCS is required to consummate the transactions contemplated by the Merger Agreement.

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NCS Multistage Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-252096

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