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$Superior Drilling Products(SDPI.US$ $Drilling Tools International(DTI.US$ HOUSTON and VERNAL, Utah, March 7, 2024 /PRNewswire/ -- Drilling Tools International Corp. ("DTI") (NASDAQ: DTI) and Superior Drilling Products, Inc. ("SDP") (NYSE American: SDPI), today announced they have entered into a definitive agreement under which DTI agreed to acquire SDP for total consideration of approximately $32.2 million payable in cash and DTI stock. The transaction was unanimously approved by the Board of Directors of DTI and SDP and a Special Committee of the Board of Directors of SDP. The closing of the transaction is expected to occur in the third quarter of 2024.
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