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Thursday, December 7, 2017

Equity Corporate Actions Alert #2017 - 85
(UPDATED) Information Regarding the Merger of Tesco Corporation (TESO)

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  • Industry Announcement

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At a meeting held on Friday, December 1, 2017, shareholders of Tesco Corporation (TESO) voted to approve the proposed merger with Nabors Industries Ltd (NYSE: NBR). The merger will automatically become effective at 12:01 AM on December 15, 2017. The details are as follows:

Company: Tesco Corporation
Issue: Common Stock
CUSIP Number: 88157K101
Symbol: TESO
Marketplace Effective Date for Suspension: December 15, 2017
Merger Consideration: 0.68 of a share of Nabors Industries Ltd (NBR) for each share held

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