Why nabors industries (NBR) Acquired Tesco Corporation (TESO) in an all-stock transaction: A case study

This article examines why Nabors Industries (NBR) acquired OFS (Oilfield equipment and services) industry peer Tesco (TESO). The study draws on a dataset from analysts, corporate advisers, and other sources, regarding the acquisition of Tesco by Nabors. The case study illuminates several dimensions of the Tesco & Nabors international experience before and after acquisitions and why analyst is calling the transaction a win for both buyer and seller? Is the deal also takes out a competitor in the top-drive market? Nabors Industries’ $216 million acquisition of Tesco Corp is still believed as a valuable deal at the oilfield services industry.