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Precision Drilling Penned An Agreement To Acquire CWC Energy Services For Approximately C$141 Million

Author: Benzinga Newsdesk | September 07, 2023 06:03am

Precision Drilling Corporation ("Precision") (TSX:PD, NYSE:PDS) is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding common shares of CWC Energy Services Corp. ("CWC") (TSXV:CWC) for total consideration of approximately CAD $141 million, comprised of 947,909 Precision shares, valued at approximately $88 million as of September 1, 2023 market close, $14 million in cash, plus the assumption of CWC's outstanding debt.

Posted In: PDS TSX:PD TSXV:CWC


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