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BRIEF-Archrock To Acquire Gas Compression Systems Provider TOPS For $983 Mln
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BRIEF-Archrock To Acquire Gas Compression Systems Provider TOPS For $983 Mln
Jul 22, 2024 2:26 PM

July 22 (Reuters) - Archrock ( AROC ) and Total Operations and

Production Services:

* ARCHROCK TO ACQUIRE TOTAL OPERATIONS AND PRODUCTION

SERVICES,

LLC

* ARCHROCK INC ( AROC ) - $983 MILLION CASH AND STOCK TRANSACTION

* ARCHROCK INC ( AROC ): TRANSACTION EXPECTED TO BE IMMEDIATELY

ACCRETIVE

TO ARCHROCK'S EARNINGS PER SHARE

* ARCHROCK INC ( AROC ) - FOLLOWING CLOSE OF TRANSACTION, TOPS WILL

CONTINUE TO BE LED BY BRIAN GREEN

* ARCHROCK INC ( AROC ): UNDER AGREEMENT, ARCHROCK WILL ISSUE ABOUT

6.87

MILLION NEW ARCHROCK COMMON SHARES TO SELLERS

* ARCHROCK INC ( AROC ): INTENDS TO FUND $826 MILLION CASH PORTION OF

TOTAL

CONSIDERATION WITH A COMBINATION OF EQUITY AND DEBT

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