Maker of Drilling Equipment Sold
From the Associated Press
Luxembourg-based Tenaris said it would buy Chesterfield, Mo.-based Maverick Tube Corp. for $2.4 billion, betting that U.S. oil and natural gas producers would go through lots of drilling equipment trying to satisfy the country’s energy demand.
The deal, under which Tenaris would also assume Maverick’s net debt of around $785 million, requires regulatory approval.
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