Impact: neutral as there is no guarantee of a transaction being completed. Trican has announced that it is in negotiations for the sale of its U.S. pressure pumping business to Keane Group., a privately-held, U.S. based well completion company. Trican's management believes the price being offered represents fair value and that it would be in the best interest of shareholders, but significant terms and conditions are still under negotiation. No other details were released.
12 Jan 2016
TRICAN WELL SERVICE LTD. (TCW) IN NEGOTIATIONS TO SELL U.S. PRESSURE PUMPING BUSINESS
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TRICAN WELL SERVICE LTD. (TCW) IN NEGOTIATIONS TO SELL U.S. PRESSURE PUMPING BUSINESS
Trican Well Service Ltd. (TCW:TSE) | 0 0 0.8% | Mkt Cap: 1,269m
- Published:
12 Jan 2016 -
Author:
Ian B. Gillies -
Pages:
2
Impact: neutral as there is no guarantee of a transaction being completed. Trican has announced that it is in negotiations for the sale of its U.S. pressure pumping business to Keane Group., a privately-held, U.S. based well completion company. Trican's management believes the price being offered represents fair value and that it would be in the best interest of shareholders, but significant terms and conditions are still under negotiation. No other details were released.