[Context: On August 28, Warburg Pincus-backed Rubicon Oilfield announced an agreement to Calgary-based acquire Logan International (TSX: LII) for $90m.]

Logan International Inc. Announces All-Cash Sale to Rubicon Oilfield International

CALGARY, ALBERTA–(Marketwired – Aug. 28, 2016) – Logan International Inc. (LOGAN) (TSX:LII) today announced that it has entered into a definitive agreement (the “Arrangement Agreement”) with a wholly-owned subsidiary (“Rubicon”) of Rubicon Oilfield International Holdings, L.P., pursuant to which Rubicon will acquire all of the outstanding common shares of Logan for CDN$1.49 per share (the “Transaction”). The combination of the two companies will create a global oilfield products and equipment company with the potential for growth across its product lines.

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