Shareholders approve merger of Houston energy companies

About 98 percent of participating C&J Energy Services Inc. (NYSE: CJES) shareholders on March 20 approved the proposed merger with Nabors Industries Ltd. (NYSE: NBR) that is expected to close next week.

The roughly $1.4 billion deal involves Houston-based C&J acquiring the production and completion businesses of Bahamas-based Nabors, which has its operational headquarters in Houston.

C&J Chairman and CEO Josh Comstock praised the shareholder votes.

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