NCS Multistage Holdings, Inc.

NCSM: 8-K · acquisition merger

NCS Multistage Holdings completed its merger with Weatherford International plc on September 1, 2026, with Weatherford's merger sub Trinity Bell Sub, Inc. merging into the company, which now survives as a wholly owned subsidiary of Weatherford. Each NCSM share was converted into a holder election of either 0.5537 Weatherford ordinary shares, or a mixed package of cash equivalent to 0.1371 Weatherford shares at the $97.77 closing price plus 0.2392 Weatherford shares. Approximately 55% of eligible shares elected the mixed consideration, with roughly 99.2% of those shares receiving it after proration. NCSM common stock has been withdrawn from listing on Nasdaq, and the company will file Form 25 and Form 15 to deregister the shares and suspend its SEC reporting obligations. The entire NCSM board and senior officers, including CEO Ryan Hummer and CFO Michael Morrison, resigned at closing, and the company's May 2022 credit agreement with JPMorgan Chase as administrative agent was terminated with all obligations paid off in full.

SEC 8-K•1mo ago

Weatherford and NCS Multistage Announce Anticipated Election Deadline and Closing Date

NCS Multistage announced that August 31, 2026, is the deadline for stockholders to elect their preferred form of merger consideration in the pending acquisition by Weatherford International. The companies expect the transaction to close on or about September 1, 2026, with approval already secured from both boards and NCS Multistage's controlling stockholder. Shareholders can elect to receive 0.554 Weatherford ordinary shares or a mixed consideration of 0.239 shares plus cash equivalent to 0.137 shares.

•2mo ago

Weatherford Announces Second Quarter 2026 Results

Weatherford International plc announced the acquisition of NCS Multistage in a stock-and-cash transaction, aimed at expanding Weatherford's well completions portfolio. The company anticipates at least $15 million of cost synergies upon the closing and integration of the transaction. The announcement accompanied Weatherford's Q2 earnings, which featured $139 million in adjusted free cash flow, underscoring the acquirer's liquidity to fund the deal.

•3mo ago

NCSM: 8-K · acquisition merger

NCS Multistage Holdings, Inc. (NCSM) has entered into a definitive agreement to be acquired by Weatherford International plc (WFRD) in an all-stock transaction. Under the terms, each NCS share will convert into 0.5537 shares of Weatherford, or a mixed consideration of cash and 0.2392 Weatherford shares. The merger is expected to close in the second half of 2026, subject to customary regulatory approvals and the effectiveness of a Form S-4 registration statement. Stockholders of NCS have already approved the transaction via written consent, eliminating the need for a formal shareholder vote. Upon closing, NCS will become a wholly-owned subsidiary of Weatherford and its shares will cease to trade on the Nasdaq Capital Market. The agreement includes termination fees of $5.5 million payable by NCS and $9.7 million payable by Weatherford under specific breach or superior proposal scenarios.

SEC 8-K•4mo ago

NCSM: 425 · acquisition merger

NCS Multistage Holdings, Inc. announced on June 1, 2026, that it has agreed to be acquired by Weatherford International plc in a transaction consisting of cash and stock. The deal is expected to close in the second half of 2026, subject to regulatory clearances and other customary closing conditions. Under the agreement, NCS shareholders will have the option to receive either 0.5537 Weatherford ordinary shares per NCS share, or a combination of 0.2392 Weatherford shares and cash equal to 0.1371 Weatherford shares. Girish Saligram, Weatherford’s President and CEO, will lead the combined company upon closing. The filing includes an internal FAQ for employees, noting that roles remain unchanged until further notice and that an integration planning team will be established. Weatherford has committed to providing eligible employees with base salary, bonus opportunities, and benefits at least as favorable as those in effect at closing for the first 12 months post-transaction.

SEC 425•4mo ago

NCSM: 425 · acquisition merger

Weatherford International plc has entered into a definitive agreement to acquire NCS Multistage Holdings, Inc. This transaction is described as a strategic investment in Weatherford’s long-term strategy, focusing on differentiated technology and value creation. The acquisition is expected to close in the second half of 2026, subject to customary closing conditions including regulatory approvals. Until the transaction closes, both companies will continue to operate as independent entities with no immediate changes to roles or day-to-day operations. NCS Multistage brings a complementary technology portfolio for oil and gas well completions and reservoir development. The combination aims to expand Weatherford’s reach in markets requiring high technical performance and reliability, particularly in unconventional reservoirs.

SEC 425•4mo ago

Weatherford Announces Definitive Agreement to Acquire NCS Multistage, Expanding Completions Portfolio and Unconventional Resource Exposure

Weatherford International (WFRD) has entered into a definitive agreement to acquire NCS Multistage (NCSM), expanding its completions portfolio and unconventional resource exposure. NCSM stockholders can elect to receive either 0.554 shares of WFRD stock, or a mix of 0.239 shares of WFRD stock and cash equal to 0.137 shares. On a blended basis, this equates to 0.463 shares of WFRD per NCSM share, with up to 19.99% payable in cash. The deal is expected to be immediately accretive to adjusted free cash flow per share. Management projects at least $15 million in annual run-rate cost synergies to be realized within 18 months of closing.

•4mo ago