C&J Energy Services: Houston energy cos. close merger, renamed co. starts trading

Houston-based C&J Energy Services and Keane Group Inc. closed their merger on Oct. 31, as expected. The combined company, called NexTier Oilfield Solutions Inc., began trading on the New York Stock Exchange under the ticker symbol "NEX" when markets opened. C&J's stock, which traded under the "CJ" ticker and closed at $7.36 per share on Oct. 30, will be delisted. Keane's stock, which traded under the "FRAC" ticker, closed at $4.55 each. Shares of NEX opened at $4.52 each and dropped almost immediately,...