Referenced Stocks

UPDATE: C&J Energy Services Acquires Casedhole Holdings for $272.5 Mln, Shares Rise 4%

By MT Newswires,  June 07, 2012, 10:46:32 AM EDT

C&J Energy Services ( CJES ) has acquired all of the outstanding equity interests of Casedhole Holdings, and its operating subsidiaries, including Casedhole Solutions, for $272.5 million in cash, subject to customary closing adjustments.

Casedhole is a multi-regional, independent provider of cased-hole wireline and other complementary services for energy producers in the U.S. and is based in Houston, Texas.

The company expects the addition to be immediately accretive to CJES' 2012 earnings and cash flow per share.

Shares are up 4% to $17.66 but off a day high $18.18, on a 52-week range of $12.65 - $32.94.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CJES



Latest News Video

How Canada's Immigration Debate Differs From The United States'
How Canada's Immigration Debate Dif...
Could Canada's Start-Up Visa Program Lure Innovators Away From U.S.?
Could Canada's Start-Up Visa Progra...
A Million Bucks Ain't Enough
A Million Bucks Ain't Enough        
Woman Who Made Six Figures Is Now Homeless
Woman Who Made Six Figures Is Now H...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.16 0.07  0.24%
BAC $ 13.21 0.14  1.07%
SIRI $ 3.34 0.07  2.14%
MU $ 13.24 0.48  3.76%
MSFT $ 34.99 0.59  1.72%
S $ 7.22 0.10  1.37%
CSCO $ 24.70 0.61  2.53%
INTC $ 25.10 0.18  0.72%