|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||4.20 - 4.55|
|52 Week Range||3.70 - 9.65|
|PE Ratio (TTM)||-2.65|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
On August 14, Nabors Industries (NBR) announced that it plans to acquire its oilfield equipment and services industry peer Tesco (TESO).
Acquisitions and deals were in focus in a sign that consolidation is picking up in the energy space.
The acquisition deal is expected to reinforce Nabors (NBR) position as the equipment and drilling services provider and result into synergies of around $30 million.