Wilks Brothers
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Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offerCalfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.CanadaSep 14, 2020
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Wilks Brothers formalizes Calfrac takeover offer ahead of vote on restructuring planTexas-based Wilks Brothers LLC says it is making formal the $26.1-million takeover bid for Calfrac Well Services Ltd. it proposed last week, while continuing to urge shareholders to reject a management reorganization plan.CanadaSep 10, 2020
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Wilks Brothers to make offer for Calfrac if recapitalization plan rejectedThe Texas-based competitor, which already owns a roughly 20 per cent stake in Calfrac, says it will pay 18 cents per share. Calfrac shares closed at 15 cents on the Toronto Stock Exchange on Tuesday.CanadaSep 2, 2020
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Calfrac says U.S. court has sided with company in fight with Wilks BrothersThe Calgary-based company says the U.S. court ruling to recognize its reorganization proceedings underway in an Alberta court stops the latest Wilks Brothers' effort to obstruct the plan.CanadaSep 1, 2020
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