MergerJun 1, 2026, 04:28 PM
Weatherford to Merge with NCS Multistage Holdings
AI Summary
Weatherford International plc announced it entered into an Agreement and Plan of Merger with NCS Multistage Holdings, Inc. on May 31, 2026. Weatherford's indirect wholly owned subsidiary, Trinity Bell Sub, Inc., will merge with NCS Multistage, which will survive as a wholly owned subsidiary of Weatherford. NCS Multistage stockholders can elect to receive Weatherford ordinary shares or a mix of shares and cash, subject to proration. The merger is expected to close in the third quarter of 2026, pending regulatory approvals.
Key Highlights
- Weatherford International plc entered into a Merger Agreement with NCS Multistage Holdings, Inc. on May 31, 2026.
- NCS Multistage Holdings, Inc. will become a wholly owned subsidiary of Weatherford International plc.
- Target stockholders can elect to receive Weatherford ordinary shares or a mix of shares and cash.
- Advent-NCS Acquisition L.P., the largest stockholder, owns over 50% of NCS Multistage Holdings, Inc.
- Advent could receive up to 818,604 Weatherford Ordinary Shares upon consummation of the Merger.
- The Ordinary Shares issued to Advent will be exempt from registration under Section 4(a)(2) of the Securities Act.
- The merger is subject to regulatory approvals and is expected to close in the third quarter of 2026.
Price Impact
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