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Calfrac Well Services Ltd

CFW.TO

Latest Trade

0.18CAD

Change

-0.00(-1.39%)

Volume

319,494

Today's Range

0.18

 - 

0.18

52 Week Range

0.10

 - 

1.30

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Wilks Brothers Formally Amended Terms Of Its Take-Over Bid For All Of Issued And Outstanding Common Shares Of Calfrac Well Services

Oct 9 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::WILKS BROTHERS - FORMALLY AMENDED TERMS OF ITS TAKE-OVER BID FOR ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF CALFRAC WELL SERVICES.WILKS BROTHERS - WILKS' OFFER WILL REMAIN OPEN UNTIL DEC 23, 2020, SUBJECT TO ITS TERMS.WILKS BROTHERS - ITS AFFILIATE, THRC HOLDINGS AMENDED TERMS OF ITS TAKE-OVER BID FOR CALFRAC WELL SERVICES.

Calfrac Says Wilks To Provide Co's Shareholders Up To $0.25 In Cash For Each Calfrac Share

Oct 5 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::WILKS IMPROVES TERMS OF PREMIUM OFFER TO PROVIDE CALFRAC SHAREHOLDERS UP TO $0.25 IN CASH FOR EACH CALFRAC SHARE.WILKS BROTHERS - WILL AGREE TO PROVIDE SHAREHOLDERS UP TO $0.25 IN CASH PER SHARE AND A MINIMUM CASH CONSIDERATION OF $0.18 PER SHARE.WILKS BROTHERS - ANTICIPATES NOTICE OF AMENDMENT AND RELATED DOCUMENTS WILL BE MAILED TO SHAREHOLDERS AND POSTED ON SEDAR WITHIN NEXT TEN DAYS.

Calfrac Well Says Meeting Date Postponed To Permit Securityholders To Consider Amended Terms

Sept 24 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::CALFRAC WELL SERVICES LTD - MEETING DATE POSTPONED TO PERMIT SECURITYHOLDERS TO CONSIDER AMENDED TERMS.CALFRAC WELL SERVICES LTD - FILES DIRECTORS' CIRCULAR RECOMMENDING AGAINST WILKS BROTHERS' OFFER.CALFRAC WELL SERVICES LTD - CALFRAC BOARD UNANIMOUSLY REJECTS WILKS BROTHERS' OFFER AND RECOMMENDS SHAREHOLDERS NOT TENDER.CALFRAC WELL SERVICES LTD - ANNOUNCES AMENDED RECAPITALIZATION TRANSACTION.CALFRAC WELL SERVICES LTD - SHAREHOLDERS CAN ELECT TO RECEIVE $0.15 IN CASH PER COMMON SHARE AND RECEIVE TWO WARRANTS.CALFRAC WELL SERVICES LTD - ALTERNATIVELY, SHAREHOLDERS CAN ELECT TO RETAIN THEIR COMMON SHARES AND RECEIVE TWO WARRANTS.CALFRAC - A WARRANT ENTITLES SHAREHOLDER TO PURCHASE ONE COMMON SHARE OF CALFRAC FOR A PERIOD OF THREE YEARS AT A PRICE OF $0.05/COMMON SHARE.CALFRAC WELL SERVICES LTD - SENIOR UNSECURED NOTEHOLDERS CONTINUE TO SUPPORT AMENDED RECAPITALIZATION TRANSACTION.CALFRAC - IN EVENT AMENDED RECAPITALIZATION TRANSACTION NOT COMPLETED CO TO IMPLEMENT ORIGINAL RECAPITALIZATION TRANSACTION UNDER CCAA PROCEEDINGS.CALFRAC WELL SERVICES LTD - CALFRAC CONTINUES TO HAVE AN URGENT NEED TO RECAPITALIZE ITSELF.

Calfrac Notes Receipt Of Wilks Brothers Unsolicited Offer

Sept 11 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::CALFRAC NOTES RECEIPT OF WILKS BROTHERS UNSOLICITED OFFER; SHAREHOLDERS SHOULD TAKE NO ACTION AND NOT TENDER THEIR SHARES.CALFRAC WELL SERVICES LTD - BOARD OF DIRECTORS WILL BE ISSUING A DIRECTORS' CIRCULAR IN RESPONSE TO OFFER.CALFRAC WELL SERVICES LTD - THRC HOLDINGS OFFER WILL BE REVIEWED BY SPECIAL COMMITTEE AND BOARD.

Calfrac Says Special Committee, Board Will Consider Wilks Brothers Offer If & When Received

Sept 2 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::COURT OF APPEAL OF ALBERTA DISMISSES LATEST WILKS BROTHERS' ATTEMPT TO LITIGATE CALFRAC'S RECAPITALIZATION; CALFRAC RESPONDS TO WILKS BROTHERS' ANNOUNCEMENT OF AN INTENTION TO MAKE AN UNSOLICITED OFFER.CALFRAC WELL - SPECIAL COMMITTEE, BOARD WILL CONSIDER AND EVALUATE WILKS BROTHERS OFFER AND RELATED TAKE-OVER BID CIRCULAR, IF & WHEN RECEIVED.CALFRAC WELL SERVICES LTD - NO FORMAL OFFER HAS BEEN MADE.CALFRAC WELL - BOARD CONTINUES TO UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS AND UNSECURED NOTEHOLDERS VOTE FOR RECAPITALIZATION TRANSACTION ONLY.

Wilks Brothers To Make Take-Over Bid For Calfrac

Sept 1 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::WILKS BROTHERS, LLC ANNOUNCES ALTERNATIVE PATH FOR CALFRAC WELL SERVICES SHAREHOLDERS IF MANAGEMENT TRANSACTION DOES NOT PROCEED.WILKS - INTENDS TO MAKE A FORMAL TAKE OVER BID TO ACQUIRE ALL OF CALFRAC'S ISSUED AND OUTSTANDING SHARES AT C$0.18 PER SHARE.WILKS - CONFIRMS INTENTION TO TAKE UP & PAY FOR SHARES UNDER PREMIUM OFFER EVEN IF CALFRAC FILES FOR PROTECTION FROM ITS CREDITORS UNDER CCAA.WILKS BROTHERS - IF 'SUPERIOR ALTERNATIVE PROPOSAL' IS IMPLEMENTED, WILKS' INTENTION AS MAJORITY OWNER WOULD BE TO KEEP CALFRAC INTACT.WILKS - DECIDED TO MAKE PREMIUM OFFER TO PROVIDE SHAREHOLDERS WITH ALTERNATIVE PATH IF MANAGEMENT TRANSACTION VOTED DOWN AT SHAREHOLDERS MEETING.

Calfrac Well Services Files Circular For Recapitalization Transaction

Aug 21 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::CALFRAC WELL SERVICES LTD - FILES CIRCULAR FOR RECAPITALIZATION TRANSACTION.CALFRAC WELL SERVICES - BOARD UNANIMOUSLY RECOMMENDS SENIOR UNSECURED NOTEHOLDERS AND SHAREHOLDERS OF CALFRAC VOTE FOR RECAPITALIZATION TRANSACTION.CALFRAC WELL SERVICES - WITHOUT RECAPITALIZATION TRANSACTION, WOULD HAVE INSUFFICIENT FINANCIAL FLEXIBILITY TO ADVANCE ITS BUSINESS GOING FORWARD.

Calfrac Well Services Says Special Committee Determined Wilks Brothers Proposal Is Not A "Superior Proposal"

Aug 17 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS OF CALFRAC COMPLETES EVALUATION OF PROPOSAL FROM WILKS BROTHERS.CALFRAC WELL SERVICES - SPECIAL COMMITTEE DETERMINED THAT WILKS BROTHERS PROPOSAL IS NOT A "SUPERIOR PROPOSAL".CALFRAC WELL SERVICES - SPECIAL COMMITTEE CONCLUDED WILKS BROTHERS PROPOSAL COULD NOT "REASONABLY" BE EXPECTED TO RESULT IN FAVOURABLE TRANSACTION.CALFRAC WELL SERVICES LTD - WILL BE CONTINUING TO SEEK APPROVAL FOR RECAPITALIZATION TRANSACTION.CALFRAC WELL SERVICES LTD - MEETINGS IN RESPECT OF PLAN OF ARRANGEMENT ARE SCHEDULED TO BE HELD ON SEPT 17.

Wilks Brothers Announces Proposal For Superior Calfrac Recapitalization Transaction

Aug 4 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::WILKS BROTHERS, LLC ANNOUNCES PROPOSAL FOR SUPERIOR CALFRAC RECAPITALIZATION TRANSACTION.WILKS BROTHERS SAYS SUBMITTED A SUPERIOR ALTERNATIVE RECAPITALIZATION TRANSACTION TO BOARD OF CALFRAC WELL SERVICES.WILKS BROTHERS SAYS ITS PROPOSAL FOR CALFRAC FULLY COMMITTED, NOT SUBJECT TO ANY FINANCING OR DUE DILIGENCE CONDITIONS.

Calfrac Announces Second Quarter Results

July 30 (Reuters) - Calfrac Well Services Ltd <CFW.TO>::CALFRAC ANNOUNCES SECOND QUARTER RESULTS.Q2 LOSS PER SHARE C$1.91.Q2 REVENUE C$91.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$100.6 MILLION.Q2 EARNINGS PER SHARE ESTIMATE C$-0.43 -- REFINITIV IBES DATA.CALFRAC - INTERNAL FORECASTS INDICATE POTENTIAL BREACH OF FUNDED DEBT TO ADJUSTED EBITDA COVENANT UNDER CREDIT FACILITIES FOLLOWING Q3 RESULTS RELEASE.FLAGS GOING CONCERN RISK.CALFRAC - ENGAGED IN ONGOING DISCUSSIONS WITH ITS BANKING SYNDICATE IN RESPECT OF ALTERNATIVES TO ADDRESS BALANCE SHEET.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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