IFLR1000

Xtreme Drilling/AKITA Drilling merger

5/6/2018
Merger
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C$ 209 million

Announced

5/6/2018

Overview:

  • The transaction is entering its final stage after receiving approval by the boards of directors of both companies.
  • The joint companies will continue working under the name AKITA in both United States and Canada.
  • The transaction will be completed after Xtreme Drilling shareholders approve the deal. 

Daniel Semerdzhiev - Data Analyst

Jurisdictions:

Canada
United States

Deal type:

Merger

Practice area:

M&A

Governing law:

Canada

Industry sector:

Construction and materials

Firms:
Bennett Jones

Party: AKITA (Merger party)

Stikeman Elliott

Party: Xtreme Drilling (Merger party)

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