Innovex and Dril-Quip Complete Merger, Creating Unique Energy Industrial Platform
Dril-Quip, Inc. (NYSE:
DRQ) (“Dril-Quip” or the “Company”), a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, today announced it has completed its previously announced merger with Innovex Downhole Solutions, Inc., a designer and manufacturer of products to support global upstream onshore and offshore activities.
Innovex and Dril-Quip Complete Merger, Creating Unique Energy Industrial PlatformInnovex International to Begin Trading on NYSE Under Symbol "INVX" on September 9, 2024
Dril-Quip Urges Stockholders to Vote “FOR” Merger with Innovex TODAY
The Dril-Quip, Inc. (NYSE:
DRQ) (“Dril-Quip” or the “Company”) Board of Directors unanimously recommends and urges Dril-Quip stockholders to vote “FOR” the proposed merger with Innovex Downhole Solutions, Inc. ("Innovex") and each of the proposals to be considered at the special meeting on Thursday, September 5, 2024, at 9:30 a.m. Central Time.
Dril-Quip Challenges Accuracy of Glass Lewis Report and Urges Stockholders to Vote “FOR” Merger with Innovex
Dril-Quip, Inc. (NYSE:
DRQ) (“Dril-Quip” or the “Company”) today commented on the report issued by Glass, Lewis & Co. (“Glass Lewis”) on August 23, 2024 and updated on August 27, 2024 in connection with the Company’s proposed merger with Innovex Downhole Solutions, Inc. (“Innovex”). Dril-Quip and its Board of Directors strongly disagree with the review and recommendations issued by Glass Lewis.
GAMCO: Glass Lewis Firmly Opposes Dril-Quip Merger
GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,872,654 shares of Dril-Quip, Inc. (NYSE:
DRQ) (“Dril-Quip”), representing 8.34% of the 34,452,230 outstanding shares. GAMCO intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”).
Dril-Quip and Innovex Announce Withdrawal of Charter Amendment Proposal
Dril-Quip, Inc. (NYSE:
DRQ) ("Dril-Quip") and Innovex Downhole Solutions, Inc. ("Innovex") today announced that the parties have agreed to waive the condition to the consummation of Dril-Quip’s proposed merger with Innovex requiring the approval of the amendment of Dril-Quip's restated certificate of incorporation (the “charter amendment”).
GAMCO: Dril-Quip’s ‘ISS For Merger’ Claim Is Contrary To ISS’s Actual Position
GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,866,654 shares of Dril-Quip, Inc. (NYSE:
DRQ) (“Dril-Quip”), representing 8.32% of the 34,452,230 outstanding shares. GAMCO intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”).
Bragar Eagel & Squire, P.C. Is Investigating Dril-Quip, LPL Financial, Methode, and Medpace and Encourages Investors to Contact the FirmNEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Dril-Quip, Inc. (NYSE:
DRQ), LPL Financial Holdings Inc. (NASDAQ:
LPLA), Methode Electronics, Inc. (NYSE:
MEI), and Medpace Holdings, Inc. (NASDAQ:
MEDP). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Leading Independent Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Dril-Quip’s Merger with Innovex
Dril-Quip, Inc. (NYSE:
DRQ) (“Dril-Quip” or the “Company”), a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) has recommended that Dril-Quip stockholders vote “FOR” Dril-Quip’s proposed merger with Innovex Downhole Solutions, Inc. (“Innovex”).
GAMCO Opposes Dril-Quip’s Merger Scheduled for Vote September 5th
GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,866,654 shares of Dril-Quip, Inc. (NYSE:
DRQ), representing 8.32% of the 34,452,230 outstanding shares as reported in Dril-Quip’s most recently filed Form 10-Q for the quarter ended June 30, 2024. GAMCO’s Proxy Voting Committee (“PVC”) intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”).
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ITI, RVNC, BALY, DRQ on Behalf of ShareholdersNEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PETQ, DRQ on Behalf of ShareholdersNEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Dril-Quip Announces Special Meeting Date to Vote on Pending Merger with Innovex; Form S-4 Registration Statement Declared EffectiveHOUSTON, TX / ACCESSWIRE / August 6, 2024 / Dril-Quip, Inc. (NYSE:
DRQ), ("Dril-Quip"), announced that its special meeting of stockholders will be held on Thursday, September 5, 2024, at 9:30 a.m., Central Time for consideration and voting on the proposed merger between Innovex Downhole Solutions, Inc. ("Innovex") and Dril-Quip (the "Transaction"), as well as certain other matters relating thereto ("Dril-Quip Special Meeting"). The record date for the determination of stockholders entitled to receive notice of and to vote at the Dril-Quip Special Meeting is the close of business on August 5, 2024.
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Dril-Quip, Inc. (DRQ) on Behalf of Investors
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Dril-Quip, Inc. (“Dril-Quip” or the “Company”) (NYSE:
DRQ) investors concerning the Company’s possible violations of the federal securities laws.
Bragar Eagel & Squire, P.C. Is Investigating Dril-Quip, LPL Financial, Methode, and Metagenomi and Encourages Investors to Contact the FirmNEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Dril-Quip, Inc. (NYSE:
DRQ), LPL Financial Holdings Inc. (NASDAQ:
LPLA), Methode Electronics, Inc. (NYSE:
MEI), and Metagenomi, Inc. (NASDAQ:
MGX). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Dril-Quip, Inc. (DRQ) on Behalf of Investors
Law Offices of Howard G. Smith announces an investigation on behalf of Dril-Quip, Inc. (“Dril-Quip” or the “Company”) (NYSE:
DRQ) investors concerning the Company’s possible violations of federal securities laws.
The Law Offices of Frank R. Cruz Announces Investigation of Dril-Quip, Inc. (DRQ) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation of Dril-Quip, Inc. (“Dril-Quip” or the “Company”) (NYSE:
DRQ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
Dril-Quip, Inc. Announces Second Quarter 2024 ResultsHOUSTON, TX / ACCESSWIRE / August 1, 2024 / Dril-Quip, Inc. (NYSE:
DRQ), (the "Company" or "Dril-Quip"), a developer, manufacturer and provider of highly engineered equipment, service, and innovative technologies for use in the energy industry, today reported operational and financial results for the three months ended June 30, 2024.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DRQ, MRO, SHCR on Behalf of ShareholdersNEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DRQ, SQSP, AGR on Behalf of ShareholdersNEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
DRQ Investors Have Opportunity to Join Dril-Quip, Inc. Securities Fraud Investigation with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dril-Quip, Inc. (“Dril-Quip” or “the Company”) (NYSE:
DRQ) for violations of the securities laws.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AGR, MORF, DRQ, SHCR on Behalf of ShareholdersNEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
