Brief: Cwc Energy Services Corp. Announces Strategic Combination With Precision Drilling Corporation
07/09/2023 11:20
Sept 7 (Reuters) - Cwc Energy Services Corp CWC.V :
* CWC ENERGY SERVICES CORP. ANNOUNCES STRATEGIC COMBINATION
WITH
PRECISION DRILLING CORPORATION
* CWC ENERGY SERVICES CORP - CWC SHAREHOLDERS WILL RECEIVE
TOTAL
CONSIDERATION OF 947,909 SHARES OF PRECISION AND APPROXIMATELY
$14 MILLION IN CASH
* CWC ENERGY SERVICES CORP - AGGREGATE TRANSACTION VALUE IS
APPROXIMATELY $141 MILLION, INCLUDING ASSUMPTION OF
APPROXIMATELY $40 MILLION IN CWC DEBT.
Source text for Eikon: ID:nCNWVWpWCa
Further company coverage: CWC.V
((Reuters.Briefs@thomsonreuters.com;))
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