Shareholders Of Patterson-UTI Energy And NexTier Oilfield Solutions Approve Merger Of Equals
Shareholders Of Patterson-UTI Energy And NexTier Oilfield Solutions Approve Merger Of Equals
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate special meetings held earlier today, both companies' shareholders voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals transaction.
帕特森-UTI Energy, Inc.（纳斯达克股票代码：PTEN）（“Patterson-UTI”）和NexTier Oilfield Solutions Inc.（纽约证券交易所代码：NEX）（“NexTier”）今天宣布，在今天早些时候举行的单独特别会议上，两家公司的股东都对完成先前宣布的全股同等合并交易所需的所有提案投了赞成票。
Andy Hendricks, Chief Executive Officer of Patterson-UTI, commented, "We are pleased with the overwhelming support of shareholders for our pending transaction with NexTier. Today's shareholder approval is an important milestone in the process of bringing together our complementary organizations. We look forward to closing the transaction and creating a leading drilling and completions provider."
Patterson-UTI首席执行官安迪·亨德里克斯评论说：“我们很高兴股东对我们与NexTier的未决交易给予压倒性的支持。今天的股东批准是我们互补组织整合过程中的一个重要里程碑。我们期待完成交易，并创建一个领先的钻探和完井供应商。”
Robert Drummond, President and Chief Executive Officer of NexTier, added, "We appreciate that our shareholders recognize the significant value of this transaction and the compelling upside potential of the combined NexTier and Patterson-UTI platform. We look forward to uniting the talent and expertise of our teams to unlock the considerable opportunities ahead for our shareholders and customers."
NexTier总裁兼首席执行官罗伯特·德拉蒙德补充说：“我们感谢我们的股东认识到这笔交易的巨大价值以及合并后的NexTier和Patterson-UTI平台具有令人信服的上行潜力。我们期待汇集我们团队的才华和专业知识，为我们的股东和客户开启未来的巨大机遇。”
At the special meeting of Patterson-UTI stockholders held today, more than 93 percent of the outstanding shares of Patterson-UTI common stock were represented, and more than 99 percent of the votes cast were in favor of the merger-related proposals. At the NexTier special meeting of stockholders also held today, more than 90 percent of the outstanding shares of NexTier common stock were represented, and more than 97 percent of the votes cast were in favor of the merger-related proposals.
在今天举行的帕特森-UTI股东特别会议上，超过93％的帕特森-UTI普通股已发行股有代表，超过99％的选票赞成与合并相关的提案。在今天同样举行的NexTier股东特别会议上，90％以上的NexTier普通股已发行股有代表，超过97％的选票赞成与合并相关的提案。
Patterson-UTI and NexTier will each file the final vote results for their respective special meetings on a Form 8-K with the U.S. Securities and Exchange Commission. The merger remains subject to satisfaction of other customary closing conditions and is expected to close on September 1, 2023.
Patterson-UTI和NexTier将分别以8-K表格向美国证券交易委员会提交各自特别会议的最终投票结果。合并仍需满足其他惯例成交条件，预计将于2023年9月1日完成。
Under the terms of the previously announced merger agreement, NexTier shareholders will receive a fixed exchange ratio of 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.
根据先前宣布的合并协议的条款，NexTier股东每持有的NexTier普通股将获得0.7520股帕特森-UTI普通股的固定汇率。