Nabors Transaction Update
TESCO (TESO)
Last tesco earnings: 11/7 06:00 am
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US:NASDAQ Investor Relations:
tescoplc.com/investors
Company Research
Source: GlobeNewswire
HOUSTON, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Tesco Corporation (“Tesco” or the “Company”) (NASDAQ:TESO) today provided an update on the previously announced combination of the Company (the “Arrangement”) with Nabors Industries Ltd. (“Nabors”). The approval process with the Federal Antimonopoly Service of the Russian Federation (the “FAS”), which was initiated on October 10, 2017, remains ongoing. A special meeting of holders of the Company’s common shares, unexpired options and restricted stock units will be held in the Sheraton Eau Claire, 255 Barclay Parade SW, Calgary, Alberta T2P 5C2, Canada at 10:00 a.m. (Calgary time) on December 1, 2017 (the “Meeting”) to obtain their vote to approve the Arrangement. FAS approval is not expected to be received prior to the Meeting. Although it is not possible at this time to determine precisely when or if FAS approval will be obtained and when or if the transaction will be consummated, it is presently anticipated that the Arrangement will becom
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