Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Archrock (AROC) has shared an announcement.
On August 30, 2024, Archrock, Inc. finalized its acquisition of Total Operations and Production Services, LLC, with a deal valued at $820 million in cash, nearly 6.9 million shares in stock consideration, and additional deferred cash payments. Archrock entered into a registration rights and lock-up agreement with the sellers, imposing a staggered lock-up period on the stock consideration, restricting 50% of the shares for 90 days, and the remainder for 180 days post-closing. The shares involved in the transaction were issued under a Securities Act exemption and Archrock publicly announced the deal’s completion on the closing date.
For detailed information about AROC stock, go to TipRanks’ Stock Analysis page.