Weatherford, NCS Multistage set Aug. 31 merger election deadline

Weatherford International plc and NCS Multistage Holdings, Inc. have set a deadline for NCS Multistage stockholders to elect their form of merger consideration on August 31 at 5:00 P.M. Eastern Time. Stockholders can choose to receive either 0.554 Weatherford ordinary shares or a combination of 0.239 Weatherford ordinary shares and a cash amount equal to 0.137 Weatherford ordinary shares.

The transaction, approved by the boards of directors of both companies and the controlling stockholder of NCS Multistage, is expected to close on September 1. Until the transaction closes, both companies will continue to operate independently.

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