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Subsequent Events
9 Months Ended
Sep. 30, 2013
Subsequent Events  
Subsequent Events

Note 15 Subsequent Events

 

On October 1, we purchased KVS Transportation, Inc. for total consideration of $154.5 million, $66.8 million of which is payable in three future annual installments.  This acquisition expands our truck fleet, vacuum truck services, and tank and related equipment services, and will be included in our Production Services operating segment.

 

On October 25, 2013, our Board of Directors declared a cash dividend of $0.04 per share to the holders of record of our common shares as of December 10, 2013 to be paid on December 31, 2013.

 

On October 31, 2013, we sold Peak, one of our businesses in Alaska, for which we received cash proceeds of $135.5 million. We reclassified the carrying value of these assets to assets held for sale at September 30, 2013 and have included operating results for all periods presented in discontinued operations.  See Note 12 for additional details.