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Benzinga
Benzinga
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Why Shares Of US Well Services Are Trading Higher

Nasdaq ProFrac

US Well Services, Inc. (NASDAQ:USWS) shares are trading higher after ProFrac Holding Corp. (NASDAQ:PFHC) announced it will acquire the company for approximately $1.21 per share in an all-stock deal.

Under the terms of the agreement, USWS stockholders will receive 0.0561 shares of ProFrac Class A common stock for each share of USWS Class A common stock they own, representing an aggregate consideration of approximately $93 million.

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