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Article: Offer by Quest Energy Services (Canada) Ltd. for Production Enhancement Group, Inc. successful.
- Article from:
- PR Newswire
- Article date:
- June 4, 2008
CopyrightCOPYRIGHT 2008 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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HOUSTON, June 3 /PRNewswire-FirstCall/ -- Quest Energy Services (Canada) Ltd. ("Quest"), an indirect wholly owned subsidiary of Al-Qahtani Marine & Oilfield Services Co. of Saudi Arabia ("Al-Qahtani"), and Production Enhancement Group, Inc. (TSX: WIS) ("PEG" or the "Company") jointly announce that Quest has been successful under its previously announced offer to purchase the outstanding common shares of PEG for CDN $0.65 per share (the "Offer"). A total of 49,904,093 Common Shares of PEG representing 72.7% of the outstanding Common Shares (or 56.4% calculated on a diluted basis as of today's date) were validly deposited under the Offer which expired at 4:00 pm (Mountain ...
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