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.
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