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Stock Market & Financial Investment News

News Breaks
December 31, 2012
13:26 EDTNRNewpark Resources closes acquisition, sees accretive to 2013 earnings
Newpark Resources announced that it has completed the previously announced acquisition of substantially all assets and operations of Alliance Drilling Fluids. Total cash consideration at closing was approximately $53M. Alliance recorded revenues of $89M and operating income of $14M for the year ended December 31, 2011. Paul Howes, president and CEO of Newpark, stated, "We expect the Alliance acquisition to be accretive to Newpark's earnings in 2013."
News For NR From The Last 14 Days
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January 14, 2015
06:03 EDTNRNewpark Resources announces $350M international contract award
Newpark Resources announced that it has been awarded Lot 1 and Lot 3 of a recent restricted tender by Sonatrach to provide drilling fluids and related services in Algeria. The award remains subject to final approval by Sonatrach, and the execution of contract documents. The maximum value of the two lots of this tender is approximately $350M, covering a term of three years. Work under this contract is expected to ramp-up beginning in the second half of 2015.

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