First Reserve Corporation to Acquire CHC Helicopter Corporation For Canadian $3.7 Billion in Largest-Ever Oilfield Services Buyout.
PR Newswire Europe, February, 2008
GREENWICH, Connecticut, HOUSTON, LONDON and VANCOUVER, British Columbia, February 22 /PRNewswire/ --
- With Photo
- Partnership to Help Strengthen CHC's Growth Mission as Largest Helicopter Services Company
CHC Helicopter Corporation ("CHC") (NYSE: FLI; TSX: FLY.A and FLY.B), the world's largest provider of helicopter services to the global offshore oil and gas industry, and First Reserve Corporation, the leading private equity firm that specializes in the energy industry, today announced that a fund managed by First Reserve has entered into an agreement to acquire CHC.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080222/NYF026 )
CHC and First Reserve believe that the all-cash transaction, which values the...
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