![]() Precision says the latest offer is a 21.0% premium to Grey Wolf’s closing price of $8.28 on June 9, the day before Precision’s initial proposal became public. Precision said Wednesday’s offer, which is valued at $1.78 billion, was its final bid for the company. Is now offering $10 a share, a 70 cent increase from its $9.30 offer that was rejected by Grey Wolf last week.
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