Drilling Tools International Corp. to Acquire Superior Drilling Products, Inc. [Yahoo! Finance]
Superior Drilling Products, Inc. (SDPI)
NASDAQ:AMEX Investor Relations:
sdpi.com
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Source: Yahoo! Finance
Integrating SDP's patented Drill-N-Ream® well bore conditioning tool into DTI's fleet of technologies provides expanded geographic market potential and is anticipated to lower capital requirements and operating costs as well as improve operational efficiencies Combining SDP's manufacturing expertise into DTI's broad-reaching and well -established global sales channels HOUSTON and VERNAL, Utah March 7, 2024 /PRNewswire/ -- Drilling Tools International Corp. ("DTI") (NASDAQ: DTI) and Superior Drilling Products, Inc. ("SDP") (NYSE American: SDPI), today announced they have entered into a definitive agreement under which DTI agreed to acquire SDP for total consideration of approximately $32.2 million payable in cash and DTI stock. The transaction was unanimously approved by the Board of Directors of DTI and SDP and a Special Committee of the Board of Directors of SDP. The closing of the transaction is expected to occur in the third quarter of 2024. Wayne Prejean , CEO of DTI, state
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SDPI
News
- Superior Drilling Products, Inc. (NYSE: SDPI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Superior Drilling Products, Inc. (NYSE: SDPI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Superior Drilling Products Reports First Quarter 2024 ResultsBusiness Wire
- SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates SDPI, MINM, ETRNGlobeNewswire
- SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPIBusiness Wire
SDPI
Sec Filings
- 5/15/24 - Form 10-Q
- 5/14/24 - Form 4
- 5/14/24 - Form 8-K
- SDPI's page on the SEC website