Logan International Inc (LII.TO)
26 Jul 2016
Latest Key Developments (Source: Significant Developments)
Logan International Inc
Logan International Inc's Logan Oil Tools, Inc announces acquisition of Houston Engineers Specialty Fishing Tool Product Line
Logan International Inc:Says Logan Oil Tools, Inc., wholly owned subsidiary, has purchased certain assets from Smith International, Inc.Assets include inventory, rights to manufacture and sell HE fishing tools and certain intellectual property including use of the trade names Houston Engineers and HE.HE tools are specialized tools that are used primarily to free and remove downhole tools and equipment in connection with workover or intervention services. Full Article
* "During quarter, we breached a financial covenant in our credit agreement"