Press Releases
The MAC Shareholders Approve Acquisition By Oil States
HOUSTON, Dec. 13, 2010 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that the shareholders of The MAC Services Group Limited (ASX:MSL) (The MAC) have approved the previously announced definitive merger agreement under Scheme of Arrangement in accordance with Australian law. The Scheme remains subject to the approval of the Supreme Court of New South Wales at a court hearing currently scheduled for December 15, 2010. "We are pleased that The MAC's shareholders have accepted our proposal and are ready to welcome The MAC to Oil States," stated Cindy B. Taylor, Oil States' president and chief executive officer. "This transaction will broaden the breadth and scope of our accommodations capabilities and will better position us to serve our clients internationally." About Oil States International Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading supplier of a broad range of services to the oil and gas industry, including remote site accommodations, production-related rental tools, oil country tubular goods distribution and land drilling services as well as a leading manufacturer of products for deepwater production facilities and subsea pipelines. Oil States is publicly traded on the New York Stock Exchange under the symbol OIS.
| The Oil States International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6058 |
CONTACT: Oil States International, Inc.
Bradley J. Dodson, Senior Vice President,
Chief Financial Officer and Treasurer
713-652-0582
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
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