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AUSTRALIA

Texan to buy out Rheochem

TEXAS-based Newpark Resources has entered into a definitive agreement to buy Australia-based drilling fluids and engineering services company Rheochem in a deal worth up to $45 million.

Marija Stojkovic

Newpark, which provides worldwide services to the oil and gas industry, will pay about $23.8 million for Rheochem when the deal closes in the second quarter of 2011. Additional consideration up to a...

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