Attention, those of you who own Nabors Industries LTD. (NBR): NBR has announced a distribution of warrants to current owners of NBR stock. Stockholders of record as of June 4, 2021, will receive 0.4 warrants for every 1 share of NBR owned. The distribution of the warrants is expected to be completed by June 11, 2021.
To illustrate how this will work, let’s hypothetically assume that you have 100 shares of existing NBR stock. After the distribution, you will have received 40 warrants for NBR in addition to retaining the 100 shares of NBR stock you previously owned. Each warrant will entitle the holder to purchase one share of NBR at a price of $166.67.
At this time, we recommend holding the NBR warrants. The warrants do not expire until 2026. We believe that it is in your best interest to hold the warrants and wait for the price of NBR to appreciate. When the price does appreciate, we will have a number of different options to pursue with regards to the warrants, which will include selling them in the market.
If you have any questions, please don’t hesitate to contact us at firstname.lastname@example.org or 1-888-6-SNIDER. We will be happy to discuss the situation with you further.