Expro Group Holdings (XPRO) has released an update.
Expro Group Holdings N.V. announced the acquisition of CTL UK Holdco Limited and its subsidiaries, with plans to integrate Coretrax as a wholly owned entity. The deal, valued at $210 million, includes a mix of cash—at least $75 million—and potentially up to $135 million in Expro common stock. Share pricing for the transaction will be determined based on a 30-day weighted average, with an escrow arrangement for certain shares. The agreement, subject to customary closing conditions and regulatory approvals, features lock-up periods for share transfers post-acquisition and registration rights for resale under the Securities Act.
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