Reuters logo
BRIEF-Newpark Resources to buy Mats Service Business for $75 mln
October 31, 2017 / 10:09 AM / 18 days ago

BRIEF-Newpark Resources to buy Mats Service Business for $75 mln

Oct 31 (Reuters) - Newpark Resources Inc

* Newpark Resources announces agreement to purchase Mats Service Business

* Company expects acquisition to be accretive to Newpark earnings in 2018​

* Deal for approximately $75 million​

* Cash consideration will be funded through borrowings on Newpark’s revolving credit facility​

* Company expects acquisition to be accretive to Newpark earnings in 2018​

* Entered into definitive agreements to acquire substantially all of assets, operations, and employees of well service group Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below