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DDH1 to transform through Swick acquisition

DRILLING contractor DDH1 will acquire Swick Mining Services in an all-scrip deal worth $115 million expanding its fleet to more than 170 rigs.

paul hunt
DDH1 to transform through Swick acquisition

  DDH1 and SMS announced the acquisition on October 12, signing a non-binding indicative proposal to combine their fleet. Under the agreement, SMS shareholders will be granted 0.297 shares in DDH1...

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