- Nabors Industries (NYSE:NBR +0.3%) says it will repurchase 10.375M of its common shares representing ~40% of Pamplona Capital's position in the company at $24.10/share, for a total of ~$250M.
- NBR says the transaction is accretive to current earnings per share,
- NBR shares dropped early on word of Pamplona's sale before bouncing up again.
Nabors to repurchase $250M of shares from Pamplona Capital
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| Symbol | Last Price | % Chg |
|---|---|---|
| NBR | - | - |
| Nabors Industries Ltd. | ||