Company Briefs
February 14, 2008
NOV to buy Grant Prideco For $7.4 Billion

Email Print

 

National Oilwell Varco Inc., Houston, (NYSE: NOV) plans to acquire Grant Prideco Inc., Houston, (NYSE: GRP) for approximately $7.4 billion in cash and debt.National Oilwell will pay $23.20 in cash and 0.4498 share per Grant

 

 

Please Log-in Subscribe
Email Address: 
Password: 
  case-sensitive 
 

First Time User?
Forgot Password

Subscribe now to gain immediate access to the latest industry news.


Please contact custserv@hartenergy.com with any questions,
or call 713-260-6442

 

PREVIOUS ARTICLES

January 4, 2008:
In Memoriam

Robert O. Anderson, who founded and for more than 20 years chaired the Atlantic Richfield Co. (Arco), which found the vast Prudhoe Bay Field in Alaska, has passed away at ...more

January 4, 2008:
M&A News

• Petrohawk Energy Corp., Houston, (NYSE: HK) plans to acquire assets in the Fayetteville shale in Arkansas for $343 million in cash from Contango Oil & Gas Co., Houston (Amex: ...more

January 4, 2008:
Whiting Plans Trust of Some Net-Profit Interests

Whiting Petroleum Corp., Denver, (NYSE: WLL) has filed an S-3 to offer units of Whiting USA Trust I, which will hold a term net-profits interest in some of its oil ...more

January 4, 2008:
Williams Recaptures Investment-Grade Rating

The Williams Cos., Tulsa, Okla., (NYSE: WMB) has won investment-grade credit again. Standard & Poor’s Ratings Services has given the diversified energy company a BBB- corporate-credit rating (up from BB+). ...more

January 4, 2008:
Pioneer, Devon Postpone MLP Plans

Pioneer Natural Resources Co., Dallas, (NYSE: PXD) reports that its MLP Pioneer Southwest Energy Partners LP did not make its IPO during the fourth quarter due to market conditions at ...more

January 4, 2008:
Additional news

• New York City-based blank-check company GHL Acquisition Corp. has filed an S-1 to IPO 40 million units at US$10 each for a total raise of $400 million on the ...more

January 4, 2008:
Tom Ward’s SandRIdge IPO Prices Above Forecast

Oklahoma City-based SandRidge Energy Inc. priced its IPO of 24.8 million shares at $26 each—significantly higher than the $22 to $24 price range it anticipated just a few weeks ago. ...more

January 4, 2008:
Approach Closes IPO For $106MM

Approach Resources Inc., Fort Worth, (Nasdaq: AREX) has closed its IPO of 8.8 million shares at $12 each for a total raise of $105.8 million on Nasdaq as AREX. J.P. ...more