Article: Ponder to acquire Fishing Tools.(Ponder Industries Inc. to acquire Fishing Tools Inc.)

Ponder Industries Inc. announced Monday that it has signed an agreement to buy the outstanding stock of Fishing Tools Inc. for $6.5 million in cash and $1 million in Ponder common stock.

Fishing Tools is a full-service fishing and rental tool company that has been in business since 1954. The company operates three locations in Louisiana and ...

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