Keane And C&J Energy Services To Merge [Reuters]
C&J ENERGY SERVICES INC (CJ)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
C&J Energy Services Inc (CJ.N) Key Developments | Reuters.com June 17 (Reuters) - C&J Energy Services Inc ::KEANE AND C&J ENERGY SERVICES TO COMBINE IN MERGER OF EQUALS, ESTABLISHING AN INDUSTRY-LEADING, DIVERSIFIED OILFIELD SERVICES PROVIDER.C&J ENERGY SERVICES INC - DEAL FOR PRO-FORMA ENTERPRISE VALUE OF APPROXIMATELY $1.8 BILLION.C&J ENERGY SERVICES INC - C&J SHAREHOLDERS WILL RECEIVE 1.6149 SHARES OF KEANE COMMON STOCK FOR EACH SHARE OF C&J COMMON STOCK OWNED..C&J ENERGY SERVICES INC - MERGER AGREEMENT PERMITS C&J TO PAY ITS SHAREHOLDERS A CASH DIVIDEND OF $1.00 PER SHARE PRIOR TO CLOSING.C&J ENERGY SERVICES INC - COMBINED COMPANY TO REBRAND WITH NEW NAME AND TICKER SYMBOL.C&J ENERGY SERVICES INC - CO, KEANE SHAREHOLDERS WILL, IN AGGREGATE, EACH OWN 50% OF EQUITY OF COMBINED COMPANY.C&J ENERGY SERVICES INC - TWO COMPANIES ANTICIPATE TO ACHIEVE ANNUALIZED RUN-RATE COST SYNERGIES OF $100 MILLION WITHIN 12 MONTHS AFTER CLOSING.C&J ENERGY SERVICES INC - UPON CLOSE, PATRICK MURRAY, CHA
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