PTEN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Patterson-UTI Energy, Inc. Is Fair to Shareholders

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Jun 15, 2023

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) and NexTier Oilfield Solutions Inc. is fair to Patterson-UTI shareholders. Under the terms of the agreement, NexTier shareholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned. Upon closing of the transaction, Patterson-UTI shareholders will own approximately 55% of the combined company.