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  • 4/20/17 4:31 pm CDT
    PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) announced today that it has closed its merger with Seventy Seven Energy Inc.  Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.  Patterson-UTI issued approximately 47.5 million shares pursuant to the merger. Concurrent with the closing of the merger, Patterson-UTI repaid all of the outstanding debt ofmore...

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