NCSM NCS Multistage Holdings, Inc.
Price Chart
Executive Summary
Weatherford International plc filed a press release announcing a definitive agreement to acquire NCS Multistage Holdings, Inc. in a stock-and-cash transaction valued at 0.463 Weatherford shares per NCSM share, with up to 19.99% payable in cash. The deal has been approved by both boards and the controlling stockholder owning >50% of NCSM shares, with expected close in H2 2026 and at least $15M in annual cost synergies.
Actionable Insight
The acquisition is on track with no changes to terms or disclosed opposition. Monitor for regulatory approvals and the filing of the S-4 registration statement. The controlling stockholder's support (>50% ownership) significantly reduces closing risk.
Key Facts
- Weatherford to acquire NCS Multistage in a stock-and-cash transaction valued at 0.463 Weatherford shares per NCSM share
- Up to 19.99% of total equity consideration payable in cash
- Annual cost synergies expected to be at least $15 million, realized within 18 months of closing
- Deal expected to be immediately accretive to adjusted Free Cash Flow per share
- Transaction approved by both boards and controlling stockholder owning >50% of NCSM shares
- Expected close in second half of 2026, subject to regulatory approvals and customary conditions
- NCS Multistage stockholders can elect either 0.554 Weatherford shares or a combination of 0.239 shares plus cash equivalent to 0.137 shares
Financial Impact
At least $15 million in annual cost synergies; deal value not explicitly stated in filing
Risk Factors
- Regulatory approvals may delay or prevent closing
- Integration risks could limit synergy realization
- Stock consideration exposes NCSM shareholders to WFRD price volatility until close
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001603923-26-000054 |
| Document: 0001603923-26-000054-index-headers.html | 0001603923-26-000054 |
| Document: 0001603923-26-000054-index.html | 0001603923-26-000054 |
| Document: 0001603923-26-000054.txt | 0001603923-26-000054 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
11d ago
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425
| $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | $54.33 (−2.28%) |
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Jun 1, 2026
11d ago
|
425
| $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | $54.33 (−2.28%) |
|
Jun 1, 2026
11d ago
|
425
| $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | $54.33 (−2.28%) |
|
Jun 1, 2026
11d ago
|
425
| $46.51 $55.60 | ▲ +19.54% | ▲ +19.40% | $54.33 (+16.81%) |
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Jun 1, 2026
11d ago
|
425
| $46.51 $55.60 | ▲ +19.54% | ▲ +19.40% | $54.33 (+16.81%) |
|
Jun 1, 2026
11d ago
|
425
| $46.51 $55.60 | ▲ +19.54% | ▲ +19.40% | $54.33 (+16.81%) |
|
Apr 29, 2026
6w ago
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8-K
| $54.67 $49.56 | ▲ +9.35% | ▲ +9.57% | $54.33 (+0.62%) |
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Apr 23, 2026
7w ago
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Press Release
| $78.77 $78.24 | ▼ −0.67% | ▼ −0.84% | $54.33 (−31.03%) |
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Apr 2, 2026
10w ago
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DEFA14A
| $60.65 $63.39 | ▲ +4.52% | ▲ +4.04% | $54.33 (−10.42%) |
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Mar 4, 2026
14w ago
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8-K
| $44.44 $48.35 | ▲ +8.80% | ▲ +10.11% | $54.33 (+22.25%) |
US Market Status
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