Advent International disposes of NCS Multistage (NCSM) shares
Advent International reported the sale of 1,478,426 shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) on September 1, 2026. The company, which owned 10% and served as a director of the firm, disposed of the shares as part of a merger that saw NCS Multistage acquired by a subsidiary of Weatherford International plc. In exchange for the shares, Advent received $19,666,839.72 in cash and 357,159 ordinary shares of Weatherford International.
This transaction effectively completed a 1-for-20 reverse stock split that took place on December 1, 2020. As a result, Advent's beneficial ownership in NCS Multistage was reduced to zero. Despite the surge in NCSM shares, which rose nearly 34% over the past six months, the disposition of the shares resulted in a transaction value of $0 and a price of $0.0 per share for this specific deal.
The acquisition of NCS Multistage by Weatherford International expands the latter's business operations, with the deal offering stockholders the option to receive Weatherford common stock or a cash and stock combination.
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