METS

Mitchell booms on Tom Browne acquisition

SHARES in driller Mitchell Services soared more than 20% today after the company announced the acquisition of Tom Browne Drilling Services and a $A20.2 million fundraiser.

Justin Niessner
Mitchell booms on Tom Browne acquisition

Proceeds from a placement at 3.5c per Mitchell share will be used to acquire Tom Browne, currently in receivership, for $9.5 million as well as retire debt and meet working capital requirements. The...

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