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Stock impact report

Dril-Quip and Innovex Announce Withdrawal of Charter Amendment Proposal

Dril-Quip, Inc. (DRQ) 
Last dril-quip, inc. earnings: 2/27 05:36 pm Check Earnings Report
Company Research Source: Business Wire
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 the related non-binding governance proposals (Proposal Nos. 3A – F) to Dril-Quip stockholders at the special meeting of Dril-Quip’s stockholders to be held on September 5, 2024. These actions eliminate the requirement that stockholders approve the charter amendment, which provided for certain post-closing governance related matters, as a condition to the closing of the merger.Accordingly, Dril-Quip's stockholders will no longer be asked to vote to approve Proposals 2 and 3, relating to the char Show less Read more
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