Nabors Industries Ltd is a well-known oil company based in Hamilton, Bermuda, but has its main offices in Houston. Apart from the United States, Nabors operational in Africa, Far East, and the Middle East. The company is set to acquire Tesco Corporation based in Houston in an all-stock deal towards the end of 2017. The common stock value of Tesco is at $4.62 per share based on Nabors closing price shares on August 11, 2017.
Terms of the Deal
When the deal is in place, each outstanding Tesco common stock share will be exchanged for 0.68 Nabors common stock share. Once the deal closes, the shareholders of Tesco will own approximately 10 percent of Nabors shares. Furthermore, in case the deal doesn’t close by February 14, 2018, Tesco Corporation will have to pay Nabors Industries Ltd 8 million dollars according to filing with American Securities and Exchange Commission.
Nabors owns and manages the largest drilling rig fleet that are land-based as well as provides drilling services, performance tools, and offshore platform rigs. Tesco, on the other hand, manufacturers, designs, and services solutions that technology based for the upstream energy and oil industry. According to Anthony Petrello, Nabors’ Chairman, Chief Executive Officer, and President, the deal is expected to generate approximately 20 million dollars during the first year. For more info about us: http://yaledailynews.com/blog/2006/02/21/alum-endows-prize-in-memory-of-lang/ click here.
About Anthony Petrello
Anthony Petrello currently serves as the President, Chairman and Chief Executive Officer of Nabors Industries Ltd. Anthony has played a significant role in the company’s development which is the largest natural gas and geothermal contractor worldwide. Anthony’s professional career began in 1979 at Baker&Mckenzie law firm. Between 1986 and 1991, Tony held the Managing Partner position at the firm’s office in New.
In 2014, Anthony Petrello was one of the top-paid Chief Executive Officer in the United States and earned 68.2 million dollars through Nabors Industries. Mr. Petrello also serves as a director of Hilcorp Energy Company as well as Stewart & Stevenson LLC. Anthony Petrello is also a Board member of Trustees of Texas Children’s Hospital where he advocates for clinical and research programs for children with neurological disorders. Petrello holds a Juris Doctor degree from the Harvard Law School and MS and BS degrees in Mathematics from Yale University.
Arthur Becker believes that strategy has to be reflective of business. Talented individuals are important and its equally important to bring those talented people into your specific business, for it to be successful. Arthur Becker is currently the Managing Member of the investment firm Madison Partners, LLP. Madison Partners, LLP focus of early stage ventures in Bio Tech and real estate.
Before moving to Madison Partners, LLP, Mr. Becker was the Chief Executive Officer and the Chairman of Zinio, LLC. He was in that position from 2012 to 2015. Zinio is considered the largest digital newsstand in the world. Prior to being the Chief Executive Officer and Chairman of Zinio, LLC, he was the Chief Executive Officer of Navisite. Navisite is a company that provides internet services and hosting services to businesses in the UK and the United States. Navisite has offices in the United States, United Kingdom, and India. In addition to working at the other companies, Arthur Becker was an advisor to the fashion company, Vera Wang.
Arthur Becker states that Madison Partners came about because of his fascination with bio technology when he was working for at Navisite and Zinio. When he was working in real estate, he was exposed to the early stages of bio technology. He likes the fact that it has the ability to make a significant impact of the lives of many people. His day is never typical, it is flexible since he no longer participating in scheduled meetings and conference calls. Currently, he is in the final stages of completing various townhouses in New York City. He is also building a luxury condominium in Tribeca. Arthur Becker enjoys real estate because of the developmental stages. The stages include design, entitlements, financing, and marketing. Mr. Becker enjoys the coordinating and organizing stages the most. https://www.bloomberg.com/profiles/people/5526418-arthur-p-becker
In his recent interview with Ideasmench, you realize Arthur is a successful businessman and a manager of Madison Partners, LLC. Madison primarily focuses on real estate and early stage Bio Tech enterprises. In 2012 he assumed office as the chairman and CEO of Zinio, LLC, a company recognized across the world as a digital news pillar. Before then he had served at NaviSite. His various offices always sharpened him, a reason why he remains an excellent mind in the business world.
How Arthur Implements his Ideas
He attributes his success to the power of pooling. Whether in real estate or in technology, he says that he enjoys working with people who propagate mutual respect. Again, Becker believes that talent is an essential towards attaining success. You need to identify your talent and look for like-minded people with whom you channel all the relevant ideas towards the venture. Also take time to listen from colleagues and do market analysis. You will eventually find it easy to maintain flexibility in the strategy, which births success of the implemented ideas.
Practices That Strengthen Arthur Becker’s Spirit in Pursuit of Success
Arthur confesses to having struggled with implementation of ideas, particularly when it comes to critical thinking. In the beginning your vision might appear blurred, yet the passion keeps increasing. You must take time to synthesize the two areas, as you also seek for parts where to do adjustments. He confidently says that at times you need to adjust the vision, and even your employees.
Becker greatly attributes his achievements to his ability to assess and help in identifying and managing talents. In an interview he discloses that there are some ventures he started but they collapsed. However, he boasts of enjoying success after learning from his failures.
He ever worked in the Parks Department in his teenage and as he says, the work was too much, yet the pay was mere peanuts. Exposure to difficulties led him to think about finding out about something lucrative that he could do. Of course it had to be something in line with his talent.