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Filed pursuant to Rule 424(b)(3) and Rule 424(c)
Registration No. 333-11313
PROSPECTUS SUPPLEMENT
(To Prospectuses dated April 28, 1992, November 20, 1992 and August 30, 1996)
3,700,000 SHARES
NABORS INDUSTRIES, INC.
COMMON STOCK, PAR VALUE $.10 PER SHARE
This Prospectus Supplement supplements the Prospectuses, dated April 28,
1992, November 20, 1992 and August 30, 1996 (the "Prospectuses"), of Nabors
Industries, Inc. (the "Company") relating to an aggregate of 15,190,000 shares
of Common Stock, $.10 par value per share (the "Common Stock"), of the Company
which are held by persons who may be deemed to be affiliates of the Company and
which may be offered for sale from time by them (the "Selling Stockholders").
This Prospectus Supplement should be read in conjunction with the Prospectuses
and is qualified by reference to the Prospectuses except to the extent that the
information contained herein supersedes the information contained in the
Prospectuses.
On July 22, 1997 Eugene M. Isenberg, Anthony G. Petrello and Richard
Stratton sold 2,116,000 shares, 1,171,500 shares and 412,500 shares of Common
Stock, respectively, for a purchase price of $29.55 per share to Merrill Lynch
& Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch").
Merrill Lynch may resell the securities from time to time to purchasers
directly in negotiated transactions at market prices prevailing at the time of
sale, at prices relating to such prevailing market prices or at negotiated
prices. In connection with the sale of any shares of Common Stock hereby,
Merrill Lynch may be deemed to have received compensation equal to the
difference between the amount received by Merrill Lynch upon the sale of such
Common Stock and $29.55. The Company has agreed to indemnify Merrill Lynch
against certain liabilities, including liabilities under the Securities Act.
The last reported sales price of a share of Common Stock on the
American Stock Exchange on July 21, 1997 was $30.00.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS JULY 22, 1997.
