Precision Drilling Corporation Announces Early Termination of Hart-Scott-Rodino Waiting Period
31 Ottobre 2018 - 9:01PM
Precision Drilling Corporation (“Precision”) today announced that
the U.S. Federal Trade Commission has granted early termination of
the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 (the “HSR Act”) with respect to the
pending acquisition of Trinidad Drilling Ltd. (“Trinidad”). The
termination of the waiting period under the HSR Act satisfies one
of the conditions to the closing of the pending acquisition.
This marks a significant achievement of an
important milestone in the regulatory review process. Precision and
Trinidad continue to pursue all necessary government approvals
related to the proposed transaction. We expect to file a joint
management information circular on or about November 7, 2018 in
anticipation of Trinidad and Precision’s December 11, 2018 special
shareholder meetings.
About PrecisionPrecision is a leading provider
of safe and High Performance, High Value services to the oil and
gas industry. Precision provides customers with access to an
extensive fleet of contract drilling rigs, directional drilling
services, well service and snubbing rigs, camps, rental equipment,
and wastewater treatment units backed by a comprehensive mix of
technical support services and skilled, experienced personnel.
Precision is headquartered in Calgary, Alberta,
Canada. Precision is listed on the Toronto Stock Exchange
under the trading symbol “PD” and on the New York Stock Exchange
under the trading symbol “PDS”.
For further information, please contact:
Carey Ford, Senior Vice President & Chief
Financial Officer713.435.6247 Ashley Connolly, Manager, Investor
Relations 403.716.4725 800, 525 - 8th Avenue S.W.Calgary,
Alberta, Canada T2P 1G1Website: www.precisiondrilling.com
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