Oil States Acquiring GEODynamics for $525 Million

Quantum Cobalt

Oil States International, Inc. (NYSE:OIS) will be acquiring GEODynamics, Inc. (OTC:GDYMF) for a total of $525 million.

Oil States will be paying $300 million in cash, while the issuance of 8.66 million shares will account for another $200 million. The remaining $25 million will be financed by the unsecured promissory note payable to sellers, with an interest rate of 2.5%.

By acquiring GEODynamics, Oil States will be able to boost its revenue, as well as expand its current customer base. By combining the commercial, financial, and operational aspects of the two companies, Oil States will be able to improve cost efficiencies and offer a broader scope of products. This will also be helped by the combined global infrastructure and supply chain of the two companies.

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About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.