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Monday, February 9, 2015

Deals of the day- Mergers and acquisitions, (NYSE: CJES)

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** Oilfield services provider C&J Energy Services Inc cut the cash portion of its offer to purchase Nabors Industries Ltd's well maintenance business by $250 million after oil prices halved since the deal was announced in June.

C&J Energy Services, Inc. is a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on well completions. Shares of CJES traded higher by 2.2% or $0.27/share to $12.52. In the past year, the shares have traded as low as $9.11 and as high as $34.93. On average, 1714660 shares of CJES exchange hands on a given day and today's volume is recorded at 1998172.