Why Nabors Industries (NBR) Acquired Tesco Corporation (TESO) in an All-Stock Transaction: A Case Study

This article examines why Nabors Industries (NBR) acquired OFS (Oilfield equipment and services) industry peer Tesco (TESO). The study draws on a dataset from analysts, corporate advisers,and other sources, regarding the acquisition of Tesco by Nabors. The case study illuminates several dimensions o...

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Bibliographic Details
Published inInternational Journal of Applied Science and Engineering (India) Vol. 8; no. 1; pp. 147 - 154
Main Author Mohammed, Jameel
Format Journal Article
LanguageEnglish
Published New Delhi New Delhi Publishers 25.12.2020
Subjects
Acquisitions & mergers
Automation
Case studies
Cost control
Energy industry
Equity stake
Innovations
Manufacturing
Oil field equipment
Oil fields
R&D
Recessions
Research & development
Canada
United States > US
Online AccessGet full text
ISSN2321-0745
2322-0465
DOI10.30954/2322-0465.2.2020.7

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Summary:This article examines why Nabors Industries (NBR) acquired OFS (Oilfield equipment and services) industry peer Tesco (TESO). The study draws on a dataset from analysts, corporate advisers,and other sources, regarding the acquisition of Tesco by Nabors. The case study illuminates several dimensions of the Tesco & Nabors international experience before and after acquisitions and why analyst is calling the transaction a win for both buyer and seller? Is the deal also takes out a competitor in the top-drive market? Nabors Industries' $216 million acquisition of Tesco Corp is still believed as a valuable deal at the oilfield services industry.
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ISSN:2321-0745
2322-0465
DOI:10.30954/2322-0465.2.2020.7