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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of earliest event reported: May 8, 1997
PARKER DRILLING COMPANY
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(Exact name or registrant as specified in its charter)
Delaware 1-7573 73-0618660
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(State of other jurisdiction Commission File Number (IRS Employer
of incorporation) Identification No.)
Eight East Third Street, Tulsa, Oklahoma 74103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, include area code: (918) 585-8221
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Item 5: Other Events
On May 9, 1997, Parker Drilling Company (the "Company") executed a
definitive stock purchase agreement to acquire all of the
outstanding capital stock of Hercules Offshore Corporation, a Texas
corporation ("HOC"), for $145 million in cash. Also on May 9, 1997,
the Company executed a definitive stock purchase agreement to
acquire all of the outstanding capital stock of Hercules Rig Corp.,
a Texas corporation ("HRC"), for $50 million in cash. Set forth in
Exhibit 99 hereto are certain financial statements of HOC and HRC.
Item 7: Financial Statements, Pro-Forma Financial Information and Exhibits
(c) Exhibits
2.1 Stock Purchase Agreement dated May 9, 1997 by and among
the Company, Parker Drilling Offshore Company and
Trenergy (Malaysia) BHD. (incorporated by reference to
Exhibit 10(n) to the Company's Quarterly Report on
Form 10-Q for the three months ended May 31, 1997).
2.2 Stock Purchase Agreement dated May 9, 1997 by and among
the Company, Parker Drilling Offshore Company and
Reshid & Lee Nominees SDN, BHD. (incorporated by
reference to Exhibit 10(o) to the Company's Quarterly
Report on Form 10-Q for the three months ended May 31,
1997).
99 Certain Financial Statements of HOC and HRC.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PARKER DRILLING COMPANY
By:
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Robert L. Parker Jr.
President and Chief Executive Officer
Date: July 2, 1997
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EXHIBIT INDEX
Exhibit
Number Description
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2.1 Stock Purchase Agreement dated May 9, 1997 by and among the Company,
Parker Drilling Offshore Company and Trenergy (Malaysia) BHD.
(incorporated by reference to Exhibit 10(n) to the Company's Quarterly
Report on Form 10-Q for the three months ended May 31, 1997).
2.2 Stock Purchase Agreement dated May 9, 1997 by and among the Company,
Parker Drilling Offshore Company and Reshid & Lee Nominees SDN, BHD.
(incorporated by reference to Exhibit 10(o) to the Company's Quarterly
Report on Form 10-Q for the three months ended May 31, 1997).
99 Certain Financial Statements of HOC and HRC.