Brief: Precision Drilling Corporation Acquires High Arctic’S Well Servicing & Rentals Divisions

Precision Drilling(Calgary)

18/07/2022 11:03

July 18 (Reuters) - Precision Drilling Corp  PD.TO :
    * PRECISION DRILLING CORPORATION ACQUIRES HIGH ARCTIC’S WELL
SERVICING & RENTALS DIVISIONS
    * PRECISION DRILLING CORP - PROPOSED DEAL FOR $38.2 MILLION,
PAYABLE IN CASH
    * PRECISION DRILLING CORP - INITIAL PAYMENT OF $10.2 MILLION
WILL
BE MADE AT CLOSING, WITH REMAINING BALANCE DUE IN JANUARY 2023

Source text for Eikon:  ID:nGNXcfSCKW 
Further company coverage:  PD.TO 

 ((Reuters.Briefs@thomsonreuters.com;))