Nabors Industries acquired Tesco Corporation with a stock-for-stock acquisition. Nabors Industries is a company based out of Bermuda, with its main office in Houston, Texas. Tesco Corporation is a company in Houston, Texas. During the deal, Tesco Corporation stock was worth $4.62 per share. After the deal, Tesco Corporation shareholders will own about 10 percent of Nabors Industries stock. There is a clause if the deal is not complete by Feb. 14, 2018. If the deal does not close by the deadline, Tesco Corporation will have to pay Nabors Industries $8 million.
Nabors Industries owns the largest land based geothermal and natural gas drilling fleet in the world. They provide offshore platform rigs, drilling services, and operating tools. Tesco Corporation manufactures and services technology-based solutions for the energy industry. Nabors Industries expects first year operating synergies around $20 million. After the first year, they expect full run rate synergies between $30 to $35 million.
Anthony Petrello is the President, Chief Executive Officer, and Chairman of the Board of Nabors Industries. He helped Nabors Industries grow to an international company that operates in Africa, Far East, Middle East and United States.
Anthony Petrello earned a B.S. degree and an M.S. degree from Yale University. He earned a J.D. degree from Harvard Law School. He worked as a Managing Partner at the law firm Baker & McKenzie in 1979. Anthony Petrello started working for Nabors Industries in 1991. He became the President of the company the following year.
Anthony Petrello grew up in a working class family living in Newark, New Jersey. He believes in working hard and treating people with respect. Anthony Petrello now earns several million a year through salary, bonuses, and stock options. His advancements with Nabors Industries has created jobs for several thousand people in the United States. He dedicates time to help children with neurological disorders. He supports advancing clinical programs and research. He is a member of the Board of Trustees of Texas Children’s Hospital.
Learn More: www.linkedin.com/in/anthony-petrello-1335b097
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Since its inception in 2012, Equities First Holdings as it is known as today has seen a very significant growth spurt that has allowed it to reach a level of consumers across the globe. Equities First Holdings is a very highly regarded investment and financial advisory firm that has been assisting clients, ranging from individual businesses to industry juggernauts, as well as individual persons seeking to increase their wealth. Over the past few years, Equities First Holdings has earned its way to the forefront of the industry, garnering a significant client portfolio. It now has strong relationships with reputable custodian banks, investment banks, and multinational law firms and more information click here.
Prior to 2012, Equities First Holdings acted as a separate entity from what it is known for today. It was then that Equities First Holdings acquired Meridian Equity Partners Limited, merging with the company while keeping the Equities First Holdings moniker. The acquisition of Meridian Equity Partners Limited helped to take Equities First Holdings to the next level as it expanded to previously untapped markets in Asia, Europe, and Australia. As the result of the expansion, Equities First Holdings also increased their offices within the United States, in total, gaining five new offices. As collateral to complete the deal, Mr. Joel Leonoff, of Paysafe Group PLC offered up a considerable amount of stock, all of which were returned to him with interest at the closing. Equities First Holdings recently celebrated the fifteenth anniversary of their original opening in 2002 and what Equities First Holdings knows.
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Michael Autterson is a successful businessman who has been in the financial services industry for more than 25 years. He was once the president at one of the nation’s biggest state chartered financial institutions. Michael is a graduate of the Michigan Stet University where he managed to acquire his Bachelor’s Degree in Finance. He also went to the University of Denver Graduate Tax Program. The professional career of Michael Autterson started when he held a position at the First Trust Corporation. First Trust Corporation is a subsidiary of Fiserv. In 1982, Michael left the company and went to work at a chartered trust company in the Colorado State. The company was a subsidiary of a financial services firm that is based in New York known as Integrated Resources, Inc.
Michael Autterson was appointed the President of the Resources Trust Company in 1986. He later left the position after the company was later acquired by the Broad Inc, currently known as SunAmerica, Inc at a sum of $18 billion. Mathew serves at FAB (Falci Adaptive Biosystems) where he is a member of the company’s Board of Directors. Fab is a leader in the business community of Colorado and it represents the philanthropic interests of Michael Autterson. He has held various leadership roles at different institutions where he managed to steer them in achieving tremendous success and growth. He serves in the Board of Directors of the Denver Zoo as well as the Denver Zoological Foundation.
Michael Autterson is involved with the Webb-Waring Foundation and serves as the Chairman of the Denver Hospice’s Board of Directors. He is a former member at the World’s Presidents Organization and Young Presidents Organization. Currently, Michael Autterson works at CNS Bioscience, Inc where he serves as the President, Chief Executive Officer and a Board member. CNC was started by Scott Falci, MD and is a clinical-stage drug development firm that focuses on neuropathic pain.
Michael Autterson has earned a reputation as a reliable and efficient leader and successful businessman. He has been described as a team player and an excellent boss at all companies he has worked with. He attributes his success to discipline, hard work and commitment. An active philanthropist, Michael Autterson is involved in many different philanthropic causes. Based in Denver, Michael serves as a mentor to the young and upcoming entrepreneurs form his community. Michael Autterson offers his time and resources in bettering the business community of Denver.