Baker Hughes will sell 65% of its surface pressure control business to a unit of equipment maker Cactus for $344.5 million, ...

Cactus Companies has agreed to acquire a 65% controlling stake in Baker Hughes' Surface Pressure Control (SPC) business. The ...

Cactus ( ($WHD) ) has provided an update. Cactus, Inc. announced its participation in upcoming investor meetings, where it will present materials ...

Cactus (NYSE:WHD) said Monday it agreed to acquire 65% and assume operational control of Baker Hughes' (NASDAQ:BKR) surface ...

Cactus (WHD) announced that its subsidiary Cactus Companies has entered into a definitive agreement with certain subsidiaries ...

Cactus Inc. will acquire 65% of Baker Hughes' Surface Pressure Control business, valued at $344.5M. The joint venture aims to ...

Cactus also plans to capitalize the JV balance sheet with $70 million of operating cash at close, and Baker Hughes will contribute 35% of that cash which will be paid back to them over time.

Baker Hughes and a subsidiary of Cactus agreed to form a new joint venture for surface pressure control services. The energy technology company will contribute its surface pressure control product, ...

Cactus to become majority owner and operator of Baker Hughes’ surface pressure control product line, with Baker Hughes retaining 35% stake Joint venture combines complementary portfolios to lead ...

The deal will provide Cactus with “improved access to important new non-tariff impacted markets” while allowing Baker Hughes to reallocate capital toward higher-return opportunities.

Cactus (NYSE:WHD) said Monday it agreed to acquire 65% and assume operational control of Baker Hughes' (NASDAQ:BKR) surface pressure control business for $344.5M. The companies said they will form ...