Precision receives regulatory approval for trust conversion to proceed on November 7, 2005
2005年11月4日 - 2:47AM
PRニュース・ワイアー (英語)
CALGARY, Nov. 3 /PRNewswire-FirstCall/ -- Precision Drilling
Corporation ("Precision" or the "Corporation") today announces that
it has received all regulatory approvals required for its
conversion into a trust, which will occur on November 7, 2005. The
final day of trading for Precision's common shares (PD and PD.U on
the TSX and PDS on the NYSE) will be November 4, 2005 and the first
day of trading for the units of Precision Drilling Trust ( PD.UN
and PD.U on the TSX and PDS on the NYSE) will be November 7, 2005.
The exchange of Precision common shares for trust units and/or
limited partnership units and a pro rata share of 26 million common
shares of Weatherford International Ltd. and up to $Cdn. 850
million cash will also occur on November 7, 2005. 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
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