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January 15, 2013
07:22 EDTFET, RDC, FTI, DRC, WFT, LUFKOilfield Services & Equipment mergers likely to rebound, says Citigroup
Citigroup expects to see a pick-up in the number of Oilfield Services & Equipment mergers and acquisition deals in 2013. The firm sees the most likely takeover candidates as equipment manufacturing and deepwater focused stocks, namely Dresser-Rand (DRC), Rowan Companies (RDC), Lufkin (LUFK), FMC Technologies (FTI), and Forum Energy (FET). Citi also added Weatherford (WFT) as a prime takeover target for 2013 given the recent underperformance of shares.
News For DRC;RDC;LUFK;FTI;FET;WFT From The Last 14 Days
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August 31, 2014
12:54 EDTRDCBarclays to hold a conference
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August 22, 2014
16:18 EDTWFTWeatherford recommends rejection of 'Mini-Tender' offer by TRC Capital
Weatherford International has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 5M shares, or approximately 0.65%, of the outstanding ordinary shares of Weatherford at $21.15 per share. TRC Capital's offer is approximately 4.3% below Weatherford's closing price of $22.10 on August 18, the day before the offer commenced. Weatherford does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer. Weatherford recommends that shareholders who have not responded to TRC Capital reject the offer by taking no action because the offer is at a price below the current market price for Weatherford shares and is subject to numerous conditions, including any decrease in the market price of Weatherford's shares and the ability of TRC Capital to obtain financing on satisfactory terms. Weatherford further recommends that shareholders who have already tendered shares in TRC Capital's offer withdraw their shares by providing the written notice described in the offering documents prior to the time of expiration stated in the offer, which is on Thursday, September 18.
16:05 EDTDRCDresser-Rand not currently running formal sales process, dealReporter says
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August 19, 2014
08:10 EDTFTIFMC Technologies awarded order by Petrobras
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