Newpark Resources (NR) down despite Alliance purchase
Posted on December 31, 2012 at 10:52 AM EST
Normal 0 false false false MicrosoftInternetExplorer4 Newpark Resources Inc. (NYSE: NR) shares dipped 0.8% to $7.71 after it said on Saturday it would acquire Alliance Drilling Fluids for about $53 million. Share volume was 13,000, compared to a daily average of 136,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}