The latest update is out from Drilling Tools International (DTI).
Drilling Tools International Corporation is set to acquire Superior Drilling Products, Inc. in a two-step merger deal that transforms SDPI into a wholly-owned subsidiary, offering SDPI shareholders either cash or Drilling Tools stock. The agreement includes provisions for SDPI stock options to convert into Drilling Tools options, and the transaction is contingent upon standard conditions such as shareholder approval and the absence of legal barriers. Additionally, a significant percentage of SDPI shareholders have agreed to support the merger. Post-merger, SDPI will be delisted from the stock exchange, marking a major shift in the company’s operational structure and ownership.
For an in-depth examination of DTI stock, go to TipRanks’ Stock Analysis page.
