InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,060.49
(
-1.04%
)
Post# of 29431
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 832
Posts 119982
Boards Moderated 17
Alias Born 09/05/2002

DewDiligence

Member Level

Re: DewDiligence post# 3191

Monday, 10/10/2011 1:51:49 AM

Monday, October 10, 2011 1:51:49 AM

Post# of 29431
SPN acquires CPX for $32.90/sh in cash and stock:

http://finance.yahoo.com/news/Superior-Energy-Services-Inc-prnews-3049050279.html?x=0&.v=1

The consideration for each share of CPX is 0.945 shares of SPN plus $7 in cash. SPN shareholders will end up owning 52% of the combined company, which is why the companies are billing this as a “merger of equals.”

The annual revenue of the combined company is about $4B, which is 10-15% as much as industry leader SLB and about four times as much as my favorite oil-services company, CLB.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up