NEWS = PDS buy Trinidad DrillingPrecision Drilling (NYSE:PDS) agrees to acquire Trinidad Drilling (OTCPK:TDGCF) in a deal valued at C$1.028B (US$796M) including debt. PDS is offering 0.445 common share for each outstanding Trinidad share, valuing it at C$2.11/share and a ~15% premium to Thursday's closing price.