Barclays Upgrades Frank's International (FI) to Equalweight
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Expro and Frank's to Combine to Create a Leading Full-Cycle Service Provider
March 11, 2021 6:00 AM ESTREADING, United Kingdom and HOUSTON, March 11, 2021 /PRNewswire/ -- Expro Group, a privately-held international energy services company with market leadership in well access and well flow optimization, and Frank's International (NYSE: FI), a global oil services company that provides a broad range of highly engineered drilling and completions solutions and services, today announced a definitive agreement under which the companies will combine in an all-stock transaction. Upon the closing of the transaction, Expro shareholders will own approximately 65% of the combined entity, with Frank's shareholders owning approximately 35%.
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