Jun. 6 at 3:55 PM
$WHD just made a bold move by entering into a joint venture to acquire 65% of Baker Hughes Surface Pressure Control Business! 🚀
This strategic deal is valued at
$344.5M and positions Cactus as a leading player in oilfield equipment manufacturing, with an impressive geographical reach. It's expected to boost earnings and cash flow, with a
$600M backlog in product and service orders. 📈
Discover what this means for WHD's growth potential here 👉 https://www.zacks.com/commentary/2487531/cactus-forms-jv-with-baker-hughes-boosts-international-presence?cid=sm-stocktwits-2-2487531-body&ADID=SYND_STOCKTWITS_TWEET_2_2487531_BODY