United States

Trican Well Service Ltd in negotiations for sale of United States Pressure Pumping Business

Tuesday, 12 Jan 2016 05:22pm EST 

Trican Well Service Ltd:Announces that it is in negotiations with Keane Group for the sale of Trican's United States pressure pumping business.Based upon the terms and conditions currently being discussed, management believes the offered price represents fair value for the business and that the sale of this business would be in the best interest of shareholders if acceptable terms and conditions can be negotiated.