Precision Drilling to buy CWC Energy Services in $141M deal

CALGARY,  – One of Canada’s biggest drilling firms just got a lot bigger, especially on the service rig side.
CWC Energy Services Corp. (TSXV: CWC) announced on Sept. 7 it has entered into a definitive agreement to combine with Precision Drilling Corporation (TSX:PD; NYSE:PDS) in a cash and share transaction worth approximately $141 million.