Article: Ponder goes fishing.(Ponder Industries Inc. to complete acquisition of Fishing Tools Inc.)

Ponder Industries Inc. announced Friday that it has completed an $11 million private equity placement that will allow it to complete its acquisition of Fishing Tools Inc., a full-service and rental tool company with a significant offshore presence.

Houston-based Ponder, an international oil field service and rental tool company, said the deal will strengthen its operations in the Louisiana and offshore Gulf Coast markets, where it is ...

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