Nabors Industries Ltd. is a company from Bermuda. Their headquarters are located in Houston, and they have set out to expand their business. When the deal goes through, the company will take over Tesco Corp. which is a business from Houston.
Expanding the Business
The talks started a while ago, and their ultimate conclusion will happen in the fourth quarter of this year. At the moment Tesco stock stands at 4.63 dollars per share, but the numbers might change. The premium of 19% of the closing value of the shares as well as thirty percent of the enterprise value. These figures were published after Tesco’s cash balance analysis in June.
Both companies are a good match since Nabors has the largest drilling fleet and Tesco works with technology. They research and create new solutions for the energy industry while Nabors also has offshore platform rigs, drilling services and performance tools.
The CEO overseeing Nabors side of the deal is Anthony Petrello. He is one of the most capable executives on the business stage in America at the moment. He is a self-made man who leads his company by example. Anthony Petrello knows how important it is to practice what you talk about, and he works very hard for success.
The Simple Man
Originally from Newark, Anthony Petrello comes from hard working family that instilled good work ethic and values in him. There were no silver spoons or A-list teachers on the day-to-day life. From a young age, Petrello knew that everything you achieve is yours to keep. His leadership style is born from human connection to one another. He takes the time to see his employees and build a stable relationship with suppliers for his company.
Anthony Petrello’s simple beginnings taught him to value education and knowledge. His work paid off when he received a scholarship to Yale University and was able to start creating a better future for himself and his parents who were working hard to make ends meet to learn more about us: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WKHy57YrKRs click here.
He is known for his charity work as well, supporting people who are less fortunate but could be brilliant. His philanthropy is well-known, and he inspires people to give back to their communities as much as possible.