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Akin Advises Parker Wellbore in its Sale to Nabors Industries

October 16, 2024

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(Washington, D.C. and Houston) – Akin advised Parker Wellbore in its definitive agreement with Nabors Industries Ltd., in which Nabors Industries Ltd. will acquire all of Parker Wellbore’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.

The Akin team was led by corporate partners Iain Wood and Jon Boben and capital markets partner Bryan Flannery; counsel Douglas Badini; and associates Daniel O'Farrill, Rafita Ahlam, Keegan Pace, Yossi Abadi, Megan Gilligan and Milena Lozano.

Further information on the transaction can be found here.

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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