One-Page Deal Sheet
Trican Acquires Canyon Services in All-Stock Deal Worth $637MM
Trican Well Service Ltd. Canyon Services Group Inc.
Announced Date
March 22,2017
Close Date
June 02,2017
Transaction Type
Corporate
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
[Summary: Trican Well Service Ltd. and Canyon Services Group Inc. have entered into a merger deal where Trican will acquire Canyon in an all-stock transaction valued at $637 million. ]
The consideration to be received by Canyon shareholders reflects a value of $6.63 per Canyon Share.
The aggregate Transaction value is approximately $637 million, including the assumption of approximately $40 million in Canyon debt. Upon completion of the Transaction, existing holders of Trican Shares and Canyon Shares will collectively own approximately 56% and 44% of the combined company, respectively.
RBC Cap…
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