July 25 (Reuters) - Helmerich and Payne Inc ( HP ):

* HELMERICH & PAYNE ANNOUNCES AGREEMENT TO ACQUIRE KCA

DEUTAG

* HELMERICH AND PAYNE INC ( HP ): PROPOSED DEAL FOR FOR $1.9725

BILLION

IN CASH.

* HELMERICH AND PAYNE INC ( HP ): PROPOSED DEAL FOR $1.9725 BILLION

IN

CASH.

* HELMERICH AND PAYNE ( HP ): DEAL IMMEDIATELY ACCRETIVE TO CASH

FLOW AND

FREE CASH FLOW PER SHARE

* HELMERICH AND PAYNE INC ( HP ) - TRANSACTION WILL BE FUNDED WITH

CASH

ON HAND AND NEW BORROWINGS

* HELMERICH AND PAYNE INC ( HP ): TRANSACTION WILL BE FUNDED WITH

CASH ON

HAND AND NEW BORROWINGS

* HELMERICH AND PAYNE INC ( HP ) - UPON CLOSE OF DEAL H&P TO HAVE 3

PRIMARY OPERATING SEGMENTS

* HELMERICH AND PAYNE ( HP ): TO MAINTAIN CURRENT BASE DIVIDEND AND

INTENDS TO PAY 4TH AND FINAL INSTALLMENT OF FISCAL 2024

SUPPLEMENTAL DIVIDEND AS DECLARED

* HELMERICH AND PAYNE INC ( HP ): DOES NOT ANTICIPATE PROVIDING A

SUPPLEMENTAL DIVIDEND DURING NEAR-TERM DELEVERAGING PERIOD

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