Vancouver, B.C., Canada (April 6, 2011) Clearlease.com Reports today that Peak Energy Services Ltd. (TSX:PES) has agreed to a $200-million takeover offer from Clean Harbors, Inc. (NYSE:CLH), a Boston-area company that provides environmental, energy and industrial services.
The offer of 95 cents per share is 28 per cent above Tuesday’s closing price for Peak’s shares on the Toronto Stock Exchange.
Peak’s board of directors is in support of Clean Harbor’s takeover proposal and has scheduled a shareholder meeting to vote on the deal for May 25.
About 53.6 per cent of Peak’s outstanding shares, held by Deans Knight Capital Management as well as Peak’s directors and officers, have been pledged in support of the transaction.
To pass, the deal requires two-thirds of the votes cast at the meeting.
Peak has agreed to pay up to $7.3 million to the U.S. company under certain circumstances while Clean Harbour will pay up to $4.5-million to the Calgary company in other situations if the deal is completed.
Peak Energy Services Ltd. is a diversified energy services organization operating in western Canada and the United States of America. It provides drilling and production services in the oil and natural gas industry and water technology solutions to customers in North America.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]