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News Breaks | | | | October 5, 2012 | | 08:31 EDT |  | UDRL | Sidewinder Drilling commences cash tender offer for shares of Union Drilling
Sidewinder Drilling announced that its direct, wholly-owned subsidiary, Fastball Acquisition has commenced its cash tender offer for all outstanding shares of common stock of Union Drilling at a price of $6.50 per share. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of September 24, among Sidewinder, Fastball and Union Drilling, which Sidewinder and Union Drilling announced on September 25. | |
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