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An announcement from Archer ( (ARHVF) ) is now available.
Archer Limited has announced its intention to acquire Premium Oilfield Services, LLC for USD 20 million, which will be financed through a private placement of new common shares. The acquisition is expected to strengthen Archer’s market position and operational capabilities in the oilfield services sector. The private placement will raise the necessary funds and involves the potential sale of existing shares by Paratus Energy Services Limited, with key shareholders indicating their participation in the offering. The transaction is structured to maintain shareholder interests and is subject to regulatory and shareholder approvals.
More about Archer
Archer Limited is a company operating in the oilfield services industry, focusing on providing drilling and well services. The company is involved in the acquisition and management of oilfield services assets, aiming to enhance its market position and operational capabilities.
Average Trading Volume: 109,515
Current Market Cap: NOK2.17B
For detailed information about ARHVF stock, go to TipRanks’ Stock Analysis page.