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Friday, 21 November, 2008, 22:10 GMT | more >>

Flotek takes slice of Cavo



By Upstream staff 

Houston's Flotek Industries is set to buy a 50% stake in Cavo Drilling Motors for about $6 million, it said today.

Flotek added the deal, which is subject to normal closing conditions, will be funded with cash, common stock and a seller note, and is set to close later this month.


Thursday, 05 October, 2006, 13:43 GMT  | last updated: Thursday, 05 October, 2006, 13:43 GMT

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