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Article: Ponder Does More Fishing.
- Article from:
- The Oil Daily
- Article date:
- April 2, 1998
CopyrightCOPYRIGHT 1998 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Houston-based Ponder Industries Inc. said Wednesday that it has signed a letter of intent to buy COT Oil Tool Inc. for about $2.2 million in cash and $700,000 in Ponder common stock. The deal is expected to close in May.
COT has three sites in Texas specializing in a wide variety of fishing and rental tools for the oil field industry.
The deal is aimed ...
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Article: Ponder goes fishing.(Ponder Industries Inc. to complete ...
The Oil Daily;
January 20, 1998 ;
597 words
... ... 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 ...
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