March 1, 2018 / 11:16 AM / 6 months ago

BRIEF-Civeo Acquires 400 Room Accommodation Facility Near Lake Charles, Louisiana

March 1 (Reuters) - Civeo Corp:

* CIVEO ACQUIRES 400 ROOM ACCOMMODATION FACILITY NEAR LAKE CHARLES, LOUISIANA

* CIVEO CORP - DEAL FOR $28 MILLION

* CIVEO CORP - DEAL FOR $28 MILLION COMPOSED OF $23.5 MILLION OF CASH AND $4.5 MILLION OF CIVEO COMMON EQUITY ISSUED TO SELLER

* CIVEO CORP - AGREEMENT ALSO INCLUDES AN EARNOUT UP TO $4 MILLION OF CIVEO COMMON EQUITY Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

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