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FTS International to Be Acquired by ProFrac for $26.52 Per Share in Cash

FTS International to Be Acquired by ProFrac for $26.52 Per Share in Cash Background Image

Vinson & Elkins advised ProFrac Holdings, LLC, a leading oilfield services company, in its entry into a definitive agreement to acquire FTS International Inc. (“FTSI”) in an all-cash transaction that values FTSI at approximately $407.5 million, including payments to outstanding warrants.

Under the terms of the agreement, which has been unanimously approved by FTSI’s Board of Directors, FTSI stockholders will receive $26.52 per share of FTSI common stock in cash. The transaction will create one of the largest completions focused service companies in the U.S. oil and gas industry.

The V&E corporate team was led by partners Chris Collins and Mike Telle, with assistance from associates Charlie Fitzpatrick, Mary Busse and Libby Gerstner. Also advising were senior associate Brett Peace; associates David Bumgardner and Markeya Brown; partner Lina Dimachkieh, senior associate Brian Russell and associate Lauren Nieman; partner David D’Alessandro, counsel Dario Mendoza and associate Mary Daniel Morgan; partner Devika Kornbacher, counsel Rajesh Patel and associate Marcus Martinez; partner Matt Dobbins and associates Austin Pierce and Simon Willis; partner Guy Gribov, senior associate Alex Kamel and associates Joe Higdon and Jeremy Gopin; partner Hill Wellford and counsel David Smith; and partner Jason Powers.

About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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