FMC Tech (FTI) agrees to acquire Canadian oilfield services company Pure Energy Services...

|About: FMC Technologies, Inc. (FTI)|By:, SA News Editor

FMC Tech (FTI) agrees to acquire Canadian oilfield services company Pure Energy Services (PUEYF.PK) for $285M in cash. The C$11/share price values Pure at a premium of 39% over its Friday closing price in Toronto. FTI says the acquisition will help it expand its services business.