Milbank Reps Nabors In $900M Superior Well Buy

Law360, New York (August 9, 2010, 11:47 AM EDT) -- Nabors Industries Ltd. has agreed to buy Superior Well Services Inc. for $900 million, in a move that will position the world's largest oil and gas land drilling contractor to capitalize on Superior Well's technical expertise.

The companies announced the deal, priced at about $22 per Superior Well share, on Monday.

"For some time now, we have evaluated integrating more service offerings into our business, particularly internationally,” Nabors chairman and CEO Gene Isenberg said. “Although we expect this acquisition by itself to be significantly accretive to...
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