Key Developments: TESCO Corp (TESO.O)
12.51USD
19 Jun 2013
$0.02 (+0.16%)
$12.49
$12.45
$12.60
$12.37
201,637
218,911
$14.00
$8.70
Latest Key Developments (Source: Significant Developments)
Tesco Corp Announces Resignation Of CFO-Form 8-K
Tesco Corp reported in its Form 8-K that on October 1, 2012, Mr. Robert L. Kayl gave notice of his decision to resign from his position as Senior Vice President, Chief Financial Officer (CFO), and Chief Accounting Officer of Tesco Corporation (Company) for personal reasons. In order to ensure an orderly transition of his responsibilities, Mr. Kayl's resignation will be effective following the date on which the Company files its Annual Report on Form 10-K for the year-ending December 31, 2012, which is expected to occur in early March 2013. The Company's search for his successor is expected to be launched as soon as practicable. Full Article
Tesco Corp and Schlumberger NV Enter Into Definitive Agreement On Casing Drilling Division
Tesco Corp and Schlumberger NV announced that they have signed a definitive agreement for Schlumberger to acquire Tesco's CASING DRILLING division for $45 million in cash. In addition to this definitive agreement, Schlumberger and Tesco have entered a long term supplier agreement in which Tesco will sell and lease its Casing Drive System equipment to Schlumberger to support CASING DRILLING projects. Full Article
Tesco Corporation Announces Acquisition Of Premiere Casing Services - Egypt S.A.E.
Tesco Corporation announced the acquisition of Premiere Casing Services - Egypt S.A.E. (PCS). In the transaction, TESCO retains the entire PCS senior management team, and its skilled workforce of approximately 200 personnel, which TESCO plans to integrate into its Dubai-based Middle East Business Unit. The terms of the acquisition were not disclosed. Full Article
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