Ensign Energy Services and Trinidad Drilling announce today that Trinidad has entered into an amalgamation agreement with Ensign Holdings Inc. under which Trinidad will amalgamate with Holdings, with the amalgamated entity becoming an wholly-owned subsidiary of Ensign. The Amalgamation, which is subject to the approval of the holders of common shares of Trinidad, will constitute the subsequent acquisition transaction [...]
Ensign Energy Services Inc. and Trinidad Drilling Ltd. announced that Trinidad has commenced a change of control offer to purchase any and all of its outstanding 6?% Senior Notes due 2025 , at a price in cash equal to 101% of the principal amount of the Notes repurchased plus accrued and unpaid interest, if any, to the Settlement Date on Notes validly tendered in the Change of Control Offer. The Change of Control Offer is [...]
Ensign Energy Services and [wp=3081]Trinidad Drilling announce today Ensign's offer to purchase all the common shares of Trinidad for $1.68 per share has expired. Trinidad will proceed with the special meeting of Trinidad shareholders scheduled for January 31, 2019 to consider, and approve, a going private Subsequent Acquisition Transaction. The record date for the Meeting is December 27, 2018. As Ensign exercises control and [...]
Ensign and Trinidad remind Trinidad shareholders that Ensign controls 86.73% of Trinidad common shares; offer final expiration at 5:00 p.m. on December 21, 2018 Last chance to receive $1.68 per Trinidad share in 2018 pursuant to the Offer rather than February 2019 if a Trinidad shareholder meeting is required to complete 100% acquisition of Trinidad by Ensign Trinidad shareholders who tender on or prior to December 21 [...]
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