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Helmerich & Payne Buys KCA Deutag for $1.97B

Helmerich & Payne Inc. announced Thursday that it reached a deal to acquire KCA Deutag International Ltd. for $1.97 billion.

The acquisition of KCA Deutag, headquartered in Scotland, is described by H&P CEO John Lindsay as “historic and transformative” for the century-old Tulsa-based company.

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