Independence Contract Drilling, Inc. And Sidewinder Drilling, LLC Announce Strategic Business Combination
Independence Contract Drilling, Inc. (ICD)
Last independence contract drilling, inc. earnings: 2/28 06:45 am
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Source: PR Newswire
HOUSTON, July 19, 2018 /PRNewswire/ -- Independence Contract Drilling, Inc. (NYSE: ICD) ("ICD") and Sidewinder Drilling, LLC ("Sidewinder") today jointly announced their entry into a definitive merger agreement pursuant to which ICD will acquire all of the outstanding equity interests in Sidewinder. The merger will combine two highly complementary pad-optimal drilling fleets and operations focused in the Permian Basin, Haynesville region and other basins in Texas and its contiguous states. Upon closing of the transaction, ICD will more than double the size of its pad-optimal rig fleet to 34 rigs following modest upgrades to five Sidewinder rigs. ICD expects to achieve synergies in excess of $8 million and believes the acquisition will be accretive to earnings per share, EBITDA per share and cash flow per share. The transaction is subject to customary regulatory approvals, approval by ICD's stockholders of the issuance of the ICD common stock in the merger transaction and other cu
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ICD
News
- Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference CallPR Newswire
- Independence Contract Drilling, Inc. (NYSE: ICD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Independence Contract Drilling, Inc. (NYSE: ICD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEE [Yahoo! Finance]Yahoo! Finance
- INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEEPR Newswire
ICD
Earnings
- 2/28/24 - Miss
ICD
Sec Filings
- 3/19/24 - Form 4/A
- 3/19/24 - Form 4/A
- 3/19/24 - Form 4/A
- ICD's page on the SEC website