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Enterprise Group Inc announces acquisition of Hart Oilfield Rentals Ltd. and concurrent financing


Wednesday, 4 Dec 2013 03:29pm EST 

Enterprise Group Inc:Says that it has entered into an agreement (the Acquisition Agreement) to acquire Hart Oilfield Rentals Ltd for a purchase price of C$22.6 million, which includes C$2.0 million of working capital.Says the purchase price will be satisfied through a combination of C$1.0 million of common shares (Common Shares) of Enterprise and C$21.6 million in cash.Says Acquisition is expected to close January 3, 2014, subject to customary conditions and all regulatory approvals, including the approval of the Toronto Stock Exchange.Says Canaccord Genuity Corp. acted as exclusive financial advisor to Enterprise in connection with the Acquisition. 

Company Quote

0.9
0.01 +1.12%
9 Jul 2014