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US: Oil merger takes big hit

By  |  February 9, 2015

Houston-based C&J Energy Services $2 billion merger Nabors Industries has undergone some big changes they announced Monday.

C&J Energy announced that the cash portion of its merger with Nabors’ production and completion businesses will drop from $938 million to $688 million due to falling oil prices.

The deal is expected to close in March pending stockholder approval and closing conditions.

 

Full Content: Houston Business Journal

 

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