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Bullboard - Stock Discussion Forum Wenzel Downhole Tools Ltd T.WZL

Energy Oil & Gas Equipment & Services

TSX:WZL - Post Discussion

Wenzel Downhole Tools Ltd > Buyout?
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Post by Oxyurid on Nov 09, 2011 11:39am

Buyout?

Are they being bought out for $2.40/share?
Comment by ferret_ca on Nov 09, 2011 2:46pm
no buyout offer yet, interesting that they did a shareholder rights nr just a few days ago, also some management changes, and the way it traded sure looks to me we may see an offer for wzl in the near future, jmho. it is undervalued and in a market with great growth prospects. this has been one of my fav small cap stocks over the last couple of years.cheers and gl ferret
Comment by mjh9413 on Nov 10, 2011 10:40pm
the nov 4 agreement onm SEDAR looked pretty incomplete but a news release in Oct said that Basin was buying out Doug Wenzel and the two private co's for $30MM and based on $2.30 a share. It strikes me they own 20%+ of WZL and the agreement posted under Nov 4th date was strong on patents and technology (but had lots of other stuff which basically give Basin pre-emptive rights relating to their ...more  
Wenzel Downhole Tools Ltd