June 1 (Reuters) - Trican Well Service Ltd:
* Trican Well Service reaches agreement for sale of its
completion tools business for CAD$53.5 million
* Total consideration payable to Trican consist of cash
consideration of C$30 million and share consideration totaling
C$23.5 million
* Entered agreement with units of National Oilwell Varco (NYSE:NOV) for
sale of Trican's completion tools business
* Intends to use net cash proceeds from transaction to
reduce its outstanding debt
Source text for Eikon: ID:nCCN2s3B0M
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