04:01 PM EST - Calfrac Well Services Ltd. : said it has entered into a definitive agreement with Century Oilfield Services Inc., pursuant to which Calfrac has agreed to acquire Century, a privately held fracturing services company based in Calgary. Under the terms of the Agreement, Calfrac said it will pay $90 million for all of the issued and outstanding common shares of Century, the consideration for which will be 85% comprised of Calfrac shares priced at around $14.87 per share, and 15% in cash. In addition, Calfrac will assume indebtedness and incur other liabilities of about $30 million on an aggregate net basis. Calfrac Well Services Ltd.
shares T.CFW are trading down $0.07 at $15.84.
