CanElson Drilling Inc (CDI.V) agreed to buy privately held rig operator Eagle Drilling Services Ltd for C$61 million ($61.69 million) in cash and stock, to strengthen its presence in western Canada. Eagle Drilling shareholders will receive C$20 million in cash and about C$41 million worth CanElson shares at a deemed price of C$4.15 each, CanElson said in a statement. CanElson will also assume a debt of C$17.1 million.
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