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US: Houston energy companies complete billion-dollar merger

By  |  March 24, 2015

Houston-based C&J Energy Service completed its merger with a business unit of Nabors Industries, creating one of the largest completion and production services providers in North America, the companies said March 24.

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    Shareholders approved the deal on March 20. The merger is unusual because C&J acquired Nabors’ production and completion businesses, but Nabors owns 53 percent of the new C&J company as part of an inversion deal.

     

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