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Article: Boots & Coots Closes Hydraulic Well Control Acquisition.
- Article from:
- PR Newswire
- Article date:
- March 6, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Secures $20 Million Credit Facility; Appoints New Board Members and Key Executives
HOUSTON, March 6 /PRNewswire-FirstCall/ -- Boots & Coots International Well Control, Inc. , the premier pressure control company for the oil and gas industry, reported that its previously announced acquisition of the hydraulic well control business (HWC) of Oil States International, Inc. closed on March 3. The transaction was approved by a majority of its shareholders on March 1. In conjunction with the closing, Boots & Coots secured a $20 million senior credit facility with Wells Fargo Bank, National Association.
The company also announced that its board of ...