Precision Drilling Corporation completes sale of CEDA International Corporation
14 Septembre 2005 - 12:35AM
PR Newswire (US)
CALGARY, Sept. 13 /PRNewswire-FirstCall/ -- Precision Drilling
Corporation ("Precision") is pleased to announce the closing of its
previously announced sale of CEDA International Corporation
("CEDA") for a price of approximately Cdn $274 million. The
purchase is being made through Borealis Investments Inc., an
investment entity of the Ontario Municipal Employees Retirement
System. CEDA and its subsidiaries carried on the Industrial
Services Business of Precision through four operating units:
industrial, mechanical, catalyst and electrical. Precision Drilling
Corporation is listed on the Toronto Stock Exchange under the
trading symbols "PD and PD.U" and on the New York Stock Exchange
under the trading symbol "PDS". DATASOURCE: Precision Drilling
Corporation CONTACT: Hank B. Swartout, Chairman, President and
Chief Executive Officer, 4200, 150 - 6th Avenue S.W., Calgary,
Alberta T2P 3Y7, Telephone (403) 716-4500, Fax (403) 264-0251;
website: http://www.precisiondrilling.com/; Archived images on this
organization are searchable through CNW Photo Archive website at
http://photos.newswire.ca/. Images are free to accredited members
of the media. To request a free copy of this organization's annual
report, please go to http://www.newswire.ca/ and click on
reports@cnw.
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