Archer (ARHVF) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Archer Limited plans to acquire Wellbore Fishing & Rental Tools, LLC for USD 51.5 million, funding the deal through a USD 40 million equity capital raise and USD 10 million in consideration shares. The company will conduct a private placement divided into two tranches, with major shareholders Paratus and Hemen participating significantly. This strategic move aims to strengthen Archer’s market position and enhance shareholder value.
For further insights into ARHVF stock, check out TipRanks’ Stock Analysis page.
