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Grey wolf trading company2/27/2023 Precision's units fell 99 cents or 4.5 per cent to $21.24 in Toronto trading on Monday. Precision Drilling will pay $1.12 billion US in cash and 42 million of its units to acquire Grey Wolf, which owns 121 drilling rigs in the United States - 10 times more than Precision currently operates there. The two companies announced early Monday that their boards of directors had agreed to the deal. for nearly $2 billion in cash and equity. Fourth time's the charm for Canada's biggest oil and gas services firm.Īfter 2½ months of making successively sweeter takeover offers that were rebuffed one after the other, Calgary-based Precision Drilling Trust has finally reached a deal to buy Houston-based Grey Wolf Inc.
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