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CM - C&J will merge with Keane Group in $1.8B deal - June 2019
In a “merger of equals,” Houstonbased oilfield services companies C&J Energy Services and Keane Group, Inc. will combine in a $1.8 billion deal that will give shareholders of each company a 50% stake in the combined entity. The enterprise value includes $255 million of debt. Under the terms of the agreement, C&J shareholders will receive 1.6149 shares of Keane common stock for each of their shares.Upon closing, expected in Q4, the combined company will have 2.3 million hydraulic fracturing horsepower including 50 frac fleets, 158 wireline trucks,......
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