IN BRIEF (Page 17)

Precision's acquisition

Precision Drilling Trust, Canada's largest oilfield-services provider, agreed to buy Grey Wolf Inc for about $2 billion to add drilling in the US market.

Stockholders of Grey Wolf, based in Houston, will get $5 and 0.1883 trust unit per each share, the companies said yesterday in a statement. The agreement comes two months after a previous bid was rejected.