Aug 17 (Reuters) - Calfrac Well Services Ltd CFW.TO :
* SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS OF CALFRAC COMPLETES EVALUATION OF PROPOSAL FROM WILKS BROTHERS
* CALFRAC WELL SERVICES - SPECIAL COMMITTEE DETERMINED THAT WILKS BROTHERS PROPOSAL IS NOT A "SUPERIOR PROPOSAL"
* CALFRAC WELL SERVICES - SPECIAL COMMITTEE CONCLUDED WILKS BROTHERS PROPOSAL COULD NOT "REASONABLY" BE EXPECTED TO RESULT IN FAVOURABLE TRANSACTION
* CALFRAC WELL SERVICES LTD - WILL BE CONTINUING TO SEEK APPROVAL FOR RECAPITALIZATION TRANSACTION
* CALFRAC WELL SERVICES LTD - MEETINGS IN RESPECT OF PLAN OF ARRANGEMENT ARE SCHEDULED TO BE HELD ON SEPT 17