Article: PONDER WILL ACQUIRE FISHING TOOLS INC. FOR $7.5 MILLION IN CASH AND STOCK

Ponder Industries Inc. {PNDR} agreed last week to buy Fishing Tools Inc. for $6.5 million in cash and $1 million of the Houston oil field service and rental tool company's stock. FTI is a full service fishing and rental tool company that has been in business since 1954. It operates from three locations in Louisiana and one in ...

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