Archer (ARHVF) has released an update.
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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.
