HOUSTON, June 1, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, represented NCS Multistage Holdings, Inc. (“NCS Multistage”) (NASDAQ: NCSM) in connection with its definitive agreement to be acquired by Weatherford International plc (“Weatherford”) (NASDAQ: WFRD).

Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford common stock or a combination of Weatherford common stock and cash.

The transaction has been approved by the boards of directors of Weatherford and NCS Multistage, as well as the controlling stockholder of NCS Multistage that owns more than 50% of NCS Multistage’s outstanding common stock. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2026.

A multidisciplinary Baker Botts team advised NCS Multistage on the matter, working closely with Baker Botts alum Ori Lev, General Counsel of NCS Multistage.

NCS Multistage is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion and field development strategies. NCS Multistage provides products and services primarily to exploration and production companies for use in onshore and offshore wells, predominantly those that have been drilled with horizontal laterals in both unconventional and conventional oil and natural gas formations. NCS Multistage’s products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including the North Sea, the Middle East and Argentina.

Baker Botts Lawyers/Offices Involved:

Corporate: Jim Marshall (Partner, Houston); Jamie Yarbrough (Partner, Houston); Catherine Ellis (Senior Associate, Houston); Aidan Doughty (Associate, Houston); Reilly Hobson (Associate, New York); Blake Vick (Associate, Houston)

Tax: Jon Lobb (Partner, Houston); Jordan Hahn (Partner, Dallas); Tim Painter (Associate, Houston)

Employee Benefits & Executive Compensation: Ron Aizen (Partner, New York)

Antitrust: Matthew Adler (Partner, Washington, D.C.)

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