Sept 1 (Reuters) - Calfrac Well Services Ltd CFW.TO :
* WILKS BROTHERS, LLC ANNOUNCES ALTERNATIVE PATH FOR CALFRAC WELL SERVICES SHAREHOLDERS IF MANAGEMENT TRANSACTION DOES NOT PROCEED
* WILKS - INTENDS TO MAKE A FORMAL TAKE OVER BID TO ACQUIRE ALL OF CALFRAC'S ISSUED AND OUTSTANDING SHARES AT C$0.18 PER SHARE
* WILKS - CONFIRMS INTENTION TO TAKE UP & PAY FOR SHARES UNDER PREMIUM OFFER EVEN IF CALFRAC FILES FOR PROTECTION FROM ITS CREDITORS UNDER CCAA
* WILKS BROTHERS - IF 'SUPERIOR ALTERNATIVE PROPOSAL' IS IMPLEMENTED, WILKS' INTENTION AS MAJORITY OWNER WOULD BE TO KEEP CALFRAC INTACT
* WILKS - DECIDED TO MAKE PREMIUM OFFER TO PROVIDE SHAREHOLDERS WITH ALTERNATIVE PATH IF MANAGEMENT TRANSACTION VOTED DOWN AT SHAREHOLDERS MEETING