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Enerflex Ltd. (TSX:EFX) ("Enerflex") and Exterran Corporation (NYSE:EXTN) ("Exterran"), are pleased to announce that they have received all necessary shareholder and stockholder approvals in connection with the pending acquisition of Exterran by Enerflex, to create a premier integrated global provider of energy infrastructure and energy transition solutions (the "Transaction"). The Transaction is expected to be completed on or about October 13, 2022, and is subject to the satisfaction of all closing conditions. On October 11, 2022, Enerflex held a special meeting of shareholders, whereby the resolution authorizing the issuance of Enerflex common shares to Exterran stockholders, pursuant t
Enerflex Ltd. (TSX:EFX) ("Enerflex" or the "Company"), a leading supplier of vertically integrated products and services to the global energy industry, is pleased to announce today that it has filed a management information circular and related meeting materials (collectively, the "Circular") in connection with its upcoming Special Meeting of Shareholders to be held on October 11, 2022 (the "Special Meeting"). In accordance with the requirements of the Toronto Stock Exchange ("TSX"), the Company is asking Enerflex shareholders to consider and approve the issuance of common shares of Enerflex to the holders of common stock of Exterran Corporation ("Exterran") (NYSE:EXTN) in furtherance of Ene
U.S. stocks pared gains toward the end of trading, with the Nasdaq Composite turning lower on Thursday. The Dow traded up 0.21% to 33,380.67 while the NASDAQ fell 0.46% to 12,795.35. The S&P also rose, gaining, 0.06% to 4,212.90. Also check this: Market Volatility Declines Sharply As Dow Jumps Over 500 Points Leading and Lagging Sectors Energy shares climbed 3.6% on Thursday. Meanwhile, top gainers in the sector included Exterran Corporation (NYSE:EXTN), up 10% and Amplify Energy Corp. (NYSE:AMPY) up 10%. In trading on Thursday, health care shares fell by 0.3%. Top Headline Producer prices dropped 0.5% month-over-month in July, following a revised 1% increase in the previous m
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CALGARY, Alberta, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. ("Enerflex" or the "Company") (TSX:EFX), a leading supplier of vertically integrated products and services to the global energy industry, continues to advance towards its pending acquisition of Exterran Corporation ("Exterran") (NYSE:EXTN) (the "Transaction") by securing its committed financing. The Transaction is on track to close early in the fourth quarter of 2022. Marc Rossiter, Enerflex's President and Chief Executive Officer commented, "Since announcing the Transaction in early 2022, business conditions have improved and natural gas fundamentals have strengthened, helping to offset today's higher market interest rat
CALGARY, Alberta, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) ("Enerflex" or "the Company" or "we" or "our"), a leading supplier of products and services to the global energy industry, today reported its financial and operating results for the three and twelve months ended December 31, 2021. Summary Table of Fourth Quarter and Twelve Months of 2021 Financial and Operating Results (Unaudited)($ Canadian millions, except per share amounts, horsepower, and percentages)Three months ended December 31,Twelve months ended December 31, 2021 2020 Change 2021 2020 Change Revenue$321.3 $298.8 $22.5 $960.2 $1,217.1 $(256.9)Gross margin 59.9 75.0 (15.1) 219.6 298.2 (78.6)Op
CALGARY, Alberta and HOUSTON, Texas, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. ("Enerflex" or the "Company") (TSX:EFX) and Exterran Corporation ("Exterran") (NYSE:EXTN) today announced a business combination (the "Transaction") to create a premier integrated global provider of energy infrastructure. The company will operate as Enerflex Ltd. and will remain headquartered in Calgary, Alberta, Canada. Through greater scale and efficiencies, the transaction will strengthen Enerflex's ability to serve customers in key natural gas, water, and energy transition markets, while enhancing shareholder value through sustainable improvements in profitability and cash flow generation. The compani
CALGARY, Alberta and HOUSTON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) ("Enerflex") and Exterran Corporation (NYSE:EXTN) ("Exterran"), are pleased to announce that they have received all necessary shareholder and stockholder approvals in connection with the pending acquisition of Exterran by Enerflex, to create a premier integrated global provider of energy infrastructure and energy transition solutions (the "Transaction"). The Transaction is expected to be completed on or about October 13, 2022, and is subject to the satisfaction of all closing conditions. On October 11, 2022, Enerflex held a special meeting of shareholders, whereby the resolution authorizing the issuanc
CALGARY, Alberta, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. ("Enerflex" or the "Company") (TSX:EFX), a leading supplier of vertically integrated products and services to the global energy industry, continues to advance towards its pending acquisition of Exterran Corporation ("Exterran") (NYSE:EXTN) (the "Transaction") by securing its committed financing. The Transaction is on track to close early in the fourth quarter of 2022. Marc Rossiter, Enerflex's President and Chief Executive Officer commented, "Since announcing the Transaction in early 2022, business conditions have improved and natural gas fundamentals have strengthened, helping to offset today's higher market interest rat
CALGARY, Alberta, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) ("Enerflex" or the "Company"), a leading supplier of vertically integrated products and services to the global energy industry, is pleased to announce today that leading independent proxy advisory firms Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis") recommend that Enerflex shareholders vote "FOR" the Company's proposed issuance of common shares of Enerflex to the holders of common stock of Exterran Corporation (NYSE:EXTN) ("Exterran") in furtherance of Enerflex's acquisition of Exterran (the "Transaction"). Shareholders of record as of the close of business on September 9, 2022 a
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