Calgary-based oilfield service company Ensign Energy Services Inc.’s (stock ticker: ESI) offer to purchase all the common shares of Trinidad Drilling Ltd. (stock ticker: TDG), a contract drilling and services company, for $1.68 per share has expired.

Trinidad will proceed with a special meeting of Trinidad shareholders scheduled for January 31, 2019 to consider, and approve, an ongoing private subsequent acquisition transaction.

Ensign appointees began to filter into Trinidad’s corporate structure last month, when Trinidad and Ensign reached an agreement that the Trinidad board of directors would serially resign and appoint five Ensign nominees to Trinidad's board.

Accordingly, the board of directors resigned and were replaced by f...


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