Key Takeaways WHD completed the acquisition of a 65% stake in the SPC business, creating a new JV with BKR.Cactus paid $344.5M to BKR based on a $530M enterprise value.After two years, WHD can buy the remaining 35% stake or Baker Hughes may require Cactus to do the same.On Jan 2, 2025, Cactus, Inc. (WHD) announced that it completed the acquisition of a 65% stake in the Surface Pressure Control (SPC) business of Baker Hughes Company (BKR) , with BKR retaining just 35%, forming a new joint venture (JV).The de ...