Pennsylvania-based Heckmann, which supplies, treats and disposes of water used for hydraulic fracturing, expects the deal to give the company a stronger foothold in several emerging shale plays in the US.
The company will pay Power Fuels $125 million in cash along with 95 million Heckmann shares, worth about $256 million as of last week's close. Heckmann will also take on about $150 million of Power Fuels' debt.
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