Franks International NV (FI.N)

FI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Frank's International Q3 earnings per share $0.01
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Franks International Nv :Frank's International N.V announces third quarter 2017 results.Q3 adjusted loss per share $0.11.Q3 earnings per share $0.01.Q3 revenue $108.1 million versus I/B/E/S view $120.4 million.Q3 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S.  Full Article

Frank's International to acquire Blackhawk Group Holdings for about $150 mln
Friday, 7 Oct 2016 

Frank's International Nv : Deal for approximately $150 million of cash on hand and approximately 12.8 million shares of company's common stock . Says Blackhawk will survive merger as a wholly-owned subsidiary of company . Bain capital and other stockholders of Blackhawk delivered a written consent adopting merger agreement . Entered into a definitive merger agreement to acquire blackhawk group holdings, inc. . Certain investment funds affiliated with Bain Capital Partners Llc currently own about 70% of capital stock of Blackhawk . If deal closes, co to place some shares comprising equity consideration in escrow as partial security for blackhawk's obligations .Merger agreement contains caps on certain losses arising under agreement of up to approximately 17% of transaction value.  Full Article

• Frank's International agrees to acquire Blackhawk Specialty Tools for about $321 mln
Friday, 7 Oct 2016 

Frank's International Nv : Frank's International agrees to acquire Blackhawk Specialty Tools, adding specialty cementing and well intervention services and products to business line . Merger consideration funded with cash on hand and Frank's equity .Transaction is valued at approximately $321 million.  Full Article

Frank's International conducting internal investigation of some foreign units operations in West Africa
Monday, 13 Jun 2016 

Frank's International Nv : Conducting an internal investigation of operations of certain of its foreign subsidiaries in West Africa . Conducting an internal investigation for possible violations of U.S. Foreign corrupt practices act, Co's policies and other laws . In June 2016, co voluntarily disclosed existence of extensive internal review to u.s. Sec and united states DOJ . Review does not indicate that there has been any material impact on company's previously filed financial statements ."Company continues to collect information and is unable to predict ultimate resolution of these matters" with agencies.  Full Article

BRIEF-Frank's International Posts Q4 Loss Of $0.49 Per Share