Evercore ISI Reiterates Hold on Frank's International (FI) Following Announced Blackhawk Acquisition
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Frank’s International Agrees to Acquire Blackhawk Specialty Tools, Adding Specialty Cementing and Well Intervention Services and Products to Business Line
October 7, 2016 8:00 AM EDTDiversifies tubular running services offering with complementary technology-driven specialty cementing toolsHigh revenue growth potential with expansion through Franks global footprint and applications for onshore and offshore well constructionMerger consideration funded with cash on hand and Franks equity
HOUSTON, Oct. 07, 2016 (GLOBE NEWSWIRE) -- Franks International N.V. (Franks) (NYSE: FI) announced today that it has entered into a definitive merger agreement to acquire Blackhawk Group Holdings, Inc., the ultimate parent company of Blackhawk Specialty Tools LLC (Blackhawk), a leading... More
