Thursday, December 07, 2017

Equity Corporate Actions Alert #2017 - 85
Information Regarding the Merger of Tesco Corporation (TESO)

Category:

  • Industry Announcement

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At a meeting held on Friday, December 1, 2017, shareholders of Tesco Corporation (TESO) voted to approve the proposed merger with Nabors Industries Ltd (NYSE: NBR). The merger is anticipated to become effective on Thursday, December 14, 2017 pending the receipt of regulatory approvals. The details are as follows:

Company: Tesco Corporation
Issue: Common Stock
CUSIP Number: 88157K101
Symbol: TESO
Anticipated Marketplace Effective Date for Suspension: December 15, 2017
Merger Consideration: 0.68 of a share of Nabors Industries Ltd (NBR) for each share held

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