更新：Select Energy Services将以4500万美元收购Nuverra股价飙升

01:14 PM EST, 12/13/2021 (MT Newswires) -- (Updates with Nuverra's stock price movement in headline, first and last paragraphs.)

Nuverra Environmental Solutions (NES) shares more than doubled in value Monday after Select Energy Services (WTTR) said it agreed to acquire the provider of water disposal services to shale drillers.

Select Energy said it will exchange all of Nuverra's shares for 4.2 million shares of Select Energy class A stock in a deal valued at $45 million, net of cash and including the assumption of $20 million of long-term debt.

The transaction is expeced to be completed in Q1 2022, Select Energy said.

Nuverra shareholders controlling 85% of the company's outstanding voting shares have agreed to support the deal, Select Energy said.

Also Monday, Select said it completed the acquisition of the US onshore rentals and accommodations operations of HB Rentals, a unit of Superior Energy Services. Select said it issued 1.2 million of its class A shares and paid $1.5 million in cash to Superior in the deal.

Nuverra shares soared 113% by Monday afternoon with 58 million shares traded, versus the stock's daily average of about 26,000. Select Energy shares were down nearly 4%.

Price: 2.96, Change: +1.57, Percent Change: +112.95