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Stock Market & Financial Investment News

News Breaks
January 23, 2013
15:07 EDTNBRCorrection: Pamplona Capital reports 9.3% stake in Nabors Industries
Pamplona Capital has become increasingly concerned about the underperformance of the common stock relative to its peer group and the market, Nabors' problems experienced with achieving various aspects of its strategic plan and its declining market share. Pamplona has substantial experience in Nabors' lines of business and has had constructive discussions with its management. Pamplona believes it has valuable insights to contribute to the development of the business and intends to have further discussions with management, the Board of Directors of Nabors, other shareholders and other relevant parties relating to Nabors' business, operations, strategy, future plans, corporate governance and related matters.
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