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December 30, 2012
14:19 EDTNRNewpark Resources to purchase Alliance Drilling Fluids
Newpark Resources announced that it has entered into a definitive agreement to acquire substantially all assets and operations of Alliance Drilling Fluids, a provider of drilling fluids, proppants, and related services headquartered in Midland, Texas. Under the terms of the agreement, cash consideration at closing is expected to be approximately $53M, subject to typical adjustments for actual working capital conveyed. Additional consideration up to $4.3M may be payable based on the profitability of the proppant business over the two year period following the acquisition. Alliance recorded revenues of $89M and operating income of $14M for the year ended December 31, 2011, of which approximately 50% of revenue and 40% of operating income was attributable to the proppant business. The transaction will be funded through borrowings on Newpark's revolving credit facility and is expected to close on December 31.
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July 24, 2014
16:46 EDTNRNewpark Resources reports Q2 EPS 21c, consensus 14c
Reports Q2 revenue $272.5M, consensus $244.85M. Q2 results include $1.2M of pre-tax gains, or 1c per diluted share, from the sale of real estate.

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