Cactus Completes Previously Announced Acquisition of 65% Controlling Interest in Baker Hughes’s Surface Pressure Control Business
Cactus, Inc. Class A (WHD)
Last cactus, inc. class a earnings: 4/29 05:10 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced the completion of the acquisition of a majority interest in Baker Hughes Company’s Surface Pressure Control business (“SPC” or “the Business”). Formal financial guidance for the Business will be provided later in the first quarter of 2026.Scott Bender, Chairman and CEO of Cactus, commented, “I am excited to welcome the talented SPC team to the Cactus organization. This transaction is transformational for Cactus as it diversifies our geographic footprint and provides us with access to new growth markets. We look forward to operating the Business with our long-standing focus on safety, customer execution, margins, and returns, which will deliver long-term value to shareholders.”About Cactus, Inc.Cactus designs, manufactures, sells or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional o
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- 10/29/25 - Beat
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