Aug 20 Oilfield services provider FMC
Technologies Inc will buy Pure Energy Services Ltd
for about C$282 million ($285 million) in cash to
expand into the business of providing equipment that can recover
drilling fluid from shale wells.
FMC will pay C$11 per Pure Energy share, a 40 percent
premium to Pure Energy stock's Friday close.
Calgary-based Pure Energy provides oil and gas companies
with equipment used in the final stages of preparing a well for
Pure Energy operates in Western Canada and some parts of the
FMC Technologies' shares closed at $47.97 on Friday on the
New York Stock Exchange.