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Stock impact report

NCS Multistage Finalizes Acquisition of Spectrum Tracer Services

NCS Multistage Holdings, Inc. (NCSM) 
Last ncs multistage holdings, inc. earnings: 3/2 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ncsmultistage.com
Company Research Source: GlobeNewswire
HOUSTON, Sept. 01, 2017 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (NASDAQ:NCSM) (“NCS” or the “Company”) announced today that it has finalized its acquisition of Spectrum Tracer Services, LLC (“Spectrum”). NCS previously announced, on August 30, 2017, that it entered into a merger agreement to acquire Spectrum.  The merger consideration of $80 million, on a cash-free, debt-free basis, was comprised of approximately $73 million of cash and approximately 0.4 million NCS shares, subject to certain other adjustments. An earn-out provision could provide up to $12.5 million in additional cash consideration if certain financial performance measures related to Spectrum’s operations are achieved.  Vinson & Elkins L.L.P. provided legal advice to NCS. Simmons & Company International, Energy Specialists of Piper Jaffray & Co., acted as exclusive financial advisor and Johnson & Jones, P.C. acted as legal advisor to Spectrum in the transaction. About NCS Multistage NCS Multistage Hold Show less Read more
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