Frank’s International N.V. to Acquire Timco Services, Inc.
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Frank's International (FI) to Acquire Timco Services
March 12, 2015 7:36 AM EDTFrank's International (NYSE: FI) announced that it has entered into a definitive purchase agreement for the purchase of Timco Services, Inc. (Timco), a privately-held company that provides tubular running services and rental equipment onshore in the southern U.S. and offshore in the Gulf of Mexico. The Company intends to finance the acquisition using cash on hand. The acquisition is scheduled to close in the second quarter of 2015, subject to regulatory approval and... More
