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Nabors Industries Ltd (NBR.N)

NBR.N on New York Stock Exchange

5.48USD
15 Dec 2017
Change (% chg)

$-0.10 (-1.79%)
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Latest Key Developments (Source: Significant Developments)

Tesco Corp Shareholders Vote To Approve Acquisition By Nabors
Friday, 1 Dec 2017 05:48pm EST 

Dec 1 (Reuters) - Tesco Corp ::TESCO CORPORATION SHAREHOLDERS VOTE TO APPROVE ACQUISITION BY NABORS.TESCO CORP - CO, NABORS EXPECT CLOSING OF TRANSACTION TO OCCUR BY YEAR END.  Full Article

Nabors And Saudi Aramco Commence Joint Venture Operations
Friday, 1 Dec 2017 04:10pm EST 

Dec 1 (Reuters) - Nabors Industries Ltd ::NABORS AND SAUDI ARAMCO COMMENCE JOINT VENTURE OPERATIONS.NABORS INDUSTRIES - CO, SAUDI ARAMCO HAVE MADE CONTRIBUTIONS OF EQUAL VALUE OF CASH AND/OR ASSETS INTO ENTITY.NABORS INDUSTRIES - CO, SAUDI ARAMCO AGREED THAT JV ENTITY TO BUY AND OPERATE 50 NEWLY CONSTRUCTED RIGS OVER 10-YEAR PERIOD.  Full Article

Nabors and Tesco announce transaction status update
Monday, 6 Nov 2017 06:28pm EST 

Nov 6 (Reuters) - Nabors Industries Ltd ::Nabors and Tesco announce transaction status update.Co, Tesco recently received anti-trust clearance from U.S. Department of Justice and Canada Competition Bureau regarding deal​.Approval process with Federal Antimonopoly Service of Russian Federation for Tesco deal was initiated, determination expected in next few weeks​.  Full Article

Nabors Industries Ltd says Hushang Ansary reports 6.7 pct passive stake in co as of Oct. 25 - SEC filing‍​
Monday, 6 Nov 2017 04:29pm EST 

Nov 6 (Reuters) - Nabors Industries Ltd :Hushang Ansary reports 6.7 pct percent passive stake in Nabors Industries Ltd as of October 25, 2017 - SEC filing‍​.  Full Article

Nabors Industries reports Q3 revenue $662 mln
Tuesday, 24 Oct 2017 04:18pm EDT 

Oct 24 (Reuters) - Nabors Industries Ltd :Nabors announces third-quarter 2017 earnings results.Q3 loss per share $0.42 from continuing operations.Q3 revenue $662 million versus I/B/E/S view $674.2 million.Q3 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.Nabors industries - ‍U.S. Drilling segment posted 14% increase in adjusted EBITDA in quarter, with average of 107 rigs working, versus 101 rigs during Q2​.  Full Article

NABORS ACQUIRES ROBOTIC DRILLING SYSTEMS AS
Tuesday, 5 Sep 2017 12:57pm EDT 

Sept 5 (Reuters) - Nabors Industries Ltd :NABORS ACQUIRES ROBOTIC DRILLING SYSTEMS AS.SAYS ACQUIRED ROBOTIC DRILLING SYSTEMS AS, PROVIDER OF AUTOMATED TUBULAR, TOOL HANDLING EQUIPMENT FOR ONSHORE, OFFSHORE DRILLING MARKETS.SAYS ‍AS PART OF TRANSACTION, CO IS CONTINUING AN ONGOING RELATIONSHIP WITH RDS'S LARGEST PRIOR SHAREHOLDER ODFJELL DRILLING​.  Full Article

Nabors Industries to buy Robotic Drilling Systems -Odfjell Drilling
Thursday, 31 Aug 2017 02:12am EDT 

Aug 31 (Reuters) - Odfjell Drilling Ltd said on Thursday::Robotic Drilling Systems to be sold to Nabors.Transaction will generate an estimated accounting gain for Odfjell Drilling of approximately $11 million.Shareholders of robotic drilling systems as ("rds") have today entered into an agreement to sell all shares in rds to nabors industries.Odfjell drilling holds, through its fully owned subsidiary odfjell drilling technology ltd, approximately 37% of shares in rds.Full amount will be recognized upon closing which is expected to occur in q3 2017. Completion of transaction is subject to customary closing conditions.Odfjell drilling and nabors have signed a memorandum of understanding with intention to establish a strategic cooperation agreement.Odfjell Drilling added: "We are very pleased to sell RDS to Nabors. In the 3 years Odfjell Drilling has been a shareholder in RDS, we have worked closely with the company to develop and field-prove its robotic drilling products. The company is now at the verge of full scale commercialisation and we are confident that Nabors, having a manufacturing group in Canrig, will be a good future home for this exciting technology.".  Full Article

Tesco to pay $8 mln to Nabors Industries, if deal terminated
Monday, 14 Aug 2017 06:23am EDT 

Aug 14 (Reuters) - Tesco Corp :Tesco says upon termination of merger agreement‍ with Nabors Industries​ under certain circumstances, co to pay cash termination fee of $8 million - SEC filing.  Full Article

Nabors announces agreement to acquire Tesco Corp in an all-stock transaction
Monday, 14 Aug 2017 06:00am EDT 

Aug 14 (Reuters) - Nabors Industries Ltd :Nabors announces agreement to acquire Tesco Corporation in an all-stock transaction that values Tesco common stock at $4.62 per share.Nabors Industries Ltd - first year operating synergies are expected to approach $20 million with full run-rate operating synergies of $30 million to $35 million.Nabors - ‍to buy all issued, outstanding shares of Tesco, with each outstanding Tesco share being exchanged for 0.68 common shares of Nabors​.  Full Article

Nabors Q2 loss per share $0.41
Wednesday, 2 Aug 2017 06:16pm EDT 

Aug 2 (Reuters) - Nabors Industries Ltd ::Nabors announces second quarter results.Q2 revenue $631 million versus I/B/E/S view $592.2 million.Q2 loss per share $0.41.Q2 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S.Qtrly u.s. Drilling and rig services operating revenue $187.3 million versus $140.3 million.  Full Article