| Title: | Total Energy Services Trust intends a stock buyback |
| Price: | $48.00 |
| Publication Date: | Mar 26, 2008 |
| Abstract: | CANADA - In March 2008, the board of Total Energy Services Trust (TE), a provider of contract drilling services, authorized the repurchase of up to 1.473 mil units, or about 5% of the company's units outstanding, through a normal course issuer bid. Based on TE's closing unit price of 7.5 Canadian dollars ($7.37 US) on March 25, the last full trading day prior to the announcement of the board's approval, the buyback had an indicated value of up to C$11.044 mil ($10.853 mil US) in cash. |
| Acquirer: | Total Energy Services Trust |
| Acquirer Business Discription: | Pvd contract drilling svcs |
| Acquirer SIC Code: | 1381 - Drilling oil and gas wells |
| Target Name: | Total Energy Services Trust |
| Target Business Description: | Pvd contract drilling svcs |
| Target SIC Code: | 1381 - Drilling oil and gas wells |
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