NYSE: PDS 2.45 ( +0.05 ) +2.08% Volume: 1,674,043 November 14, 2018
TSX: PD 3.26 ( +0.06 ) +1.88% Volume: 4,665,230 November 14, 2018
press-release-details

Precision Drilling Corporation Announces Early Termination of Hart-Scott-Rodino Waiting Period

10/31/2018

CALGARY, Alberta, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) today announced that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to the pending acquisition of Trinidad Drilling Ltd. (“Trinidad”). The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition.

This marks a significant achievement of an important milestone in the regulatory review process. Precision and Trinidad continue to pursue all necessary government approvals related to the proposed transaction. We expect to file a joint management information circular on or about November 7, 2018 in anticipation of Trinidad and Precision’s December 11, 2018 special shareholder meetings.

About Precision
Precision is a leading provider of safe and High Performance, High Value services to the oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, directional drilling services, well service and snubbing rigs, camps, rental equipment, and wastewater treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada.  Precision is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

For further information, please contact:

Carey Ford, Senior Vice President & Chief Financial Officer
713.435.6247

Ashley Connolly, Manager, Investor Relations 
403.716.4725

800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website:  www.precisiondrilling.com

Precision Drilling Logo Vertical RGB high.jpg

Source: Precision Drilling Corporation

Disclaimer

Precision Drilling Corporation (“Precision”) maintains an investor relations section on this website as an informational service and it should not be used for the purpose of making investment decisions concerning Precision. This website is not intended to supplement or be a substitute for the legal disclosure for Precision or for the prospectus disclosure related to the public offering of any of its securities. Please read the below Legal Notice before you proceed. All content on this website is for informational purposes only and is provided on an “as is”, “as available” basis for your personal, non-commercial use. Precision expressly disclaims any warranties in relation to the information contained on this website. Your use of this website is in itself acceptance of the terms and conditions regarding use as stated in the Legal Notices below and elsewhere in this website and the Privacy Policy.

Agree
Disagree
Read Legal Notice