Article: Production Enhancement Group Board endorses offer to be purchased by Quest Energy Services (Canada) Ltd.

HOUSTON, TX, April 18 /PRNewswire-FirstCall/ -- Production Enhancement Group, Inc. (TSX: WIS) ("PEG" or the "Company") and Quest Energy Services (Canada) Ltd. ("Quest"), an indirect wholly owned subsidiary of Al Qahtani Marine & Oilfield Services Co. of Saudi Arabia ("Al Qahtani") have entered into a definitive agreement under which Quest has agreed to make an offer to purchase all the outstanding common shares of PEG for CDN $0.65 per share (the "Offer"). The Offer is conditional upon, among other things, there having been validly deposited under the Offer and not withdrawn at least 51% of the outstanding Common Shares calculated on a diluted basis.

About ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!