Badger Provides Acquisition Update

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[{"type":"text","content":"\nBadger Provides Acquisition Update\n\n Apr. 8, 2011 (Filing Services Canada) -- Badger Daylighting Ltd. (BAD - TSX), is pleased to announce that it has received a \"No Action and Waiver Letter\" from Canada's Competition Bureau in respect of the proposed transaction with Clean Harbors, Inc. (\"Clean Harbors\") whereby Clean Harbors will acquire 100% of Badger's outstanding common shares for cash consideration of CAD $20.50 per share.  In the No Action and Waiver Letter, the Competition Bureau has advised that, at this time, it does not plan to challenge the proposed transaction and has waived the obligation of the parties to submit the merger pre-notification forms contemplated by Part IX of the Competition Act.  This letter represents compliance by the parties with the merger pre-notification provisions of the Competition Act.  The transaction is contingent on approval of 66 2/3 percent of the votes cast by the shareholders and option holders of Badger at a special meeting to be held on Tuesday, April 26, 2011. About BadgerBadger is North America's largest provider of non-destructive excavating services.  Badger traditionally works for contractors and facility owners in the utility and petroleum industries.  Our key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions.  The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.  Badger manufactures its truck-mounted hydrovac units.Badger's business model involves the provision of excavating services through two distinct entities: the Operating Partners (franchisees in the United States and agents in Canada), and Badger Corporate.  Badger Corporate works with its Operating Partners to provide Hydrovac service to the end user.  In this partnership, Badger provides the expertise, the trucks, and North American marketing and administration support.  The Operating Partners deliver the service by operating the equipment and developing their local markets.  All work is invoiced by Badger and then shared with the Operating Partner based upon a revenue sharing formula.  In certain locations B...

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