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BRIEF-Frank's International confirms sale of common stock by certain members of the mosing family
March 23, 2017 / 10:14 AM / 9 months ago

BRIEF-Frank's International confirms sale of common stock by certain members of the mosing family

March 23 (Reuters) - Franks International Nv:

* Frank’s International N.V. confirms sale of common stock by certain members of the mosing family and related family members

* Franks International N.V. - following sale, members of mosing family and affiliated entities own an approximate 75pct interest in company.

* Franks International N.V. - Morgan Stanley intends to make shares of Frank’s International common stock available for re-sale to third parties

* Franks International - entities controlled by certain members of mosing family have sold about 5.6 million shares of co’s common stock to Morgan Stanley

* Franks International- received notification entities controlled by certain members of mosing family sold about 5.6 million shares of co’s stock to Morgan Stanley

* Franks International N.V. - FRANK‘S is not offering any stock in the transaction & will not receive any proceeds from sale of shares by family members Source text for Eikon: Further company coverage:

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