Thursday, 26 September 2024
Home Dril-Quip and Innovex Announce Withdrawal of Charter Amendment Proposal

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Dril-Quip and Innovex Announce Withdrawal of Charter Amendment Proposal

HOUSTON--(BUSINESS WIRE)--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”). In addition, Dril-Quip and Innovex have agreed to withdraw the submission of the charter amendment proposal (Proposal No. 2) and th...

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