As previously announced, NCS Multistage stockholders received either stock only of Weatherford or a mix of cash and stock as follows: (i) 0.554 shares of Weatherford ordinary shares, or (ii) a combination of 0.239 Weatherford ordinary shares and a cash amount equal to 0.137 Weatherford ordinary shares, subject to certain adjustments. NCS Multistage common stock has ceased trading and is no longer listed on NASDAQ. 

The acquisition brings together complementary technologies, expertise, and services that further strengthen Weatherford's ability to support customers across the complete well lifecycle. NCS Multistage's completions and reservoir diagnostics capabilities enhance Weatherford's existing portfolio across well construction, completions, production optimization, and intervention, while accelerating the global deployment of NCS technologies through Weatherford's extensive market presence. 

The combination also strengthens Weatherford's position in North America and supports a more agile operating model designed to streamline decision-making, enhance execution, and create greater value for customers, employees, and shareholders. 

King & Spalding advised Weatherford on all aspects of the transaction, including corporate, securities and tax matters. 

The firm’s long-standing relationship with Weatherford is led by Jonathan Newton, and the core team advising Weatherford on this transaction included Heath Trisdale (Houston), Billy Padula (Charlotte), Rishika Sengupta (Houston), James Smith (Houston), George Hwang (Atlanta), and Angel Reed (Atlanta), as well as John Sweet (New York) on tax matters, Jake Downing (Chicago) on Benefits matters, and Jade-Alexandra Fearns (London), Raphael Fleischer (Brussels), and Cyriel Danneels (Paris) on ex-US regulatory matters, among others. 

Weatherford’s press release regarding the transaction can be found below. 

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