Mullen increases stake in Logan International

CALGARY — After hinting towards more acquisitions in post-recovery 2010, the Mullen Group has nearly doubled its share in Logan International to 12.5 percent.

Mullen, one of Canada’s largest for-hire carriers and oilfield services providers, said it bought 1.97 million shares of Logan, bringing its total to about 4.10 million shares.

Logan International, formerly named Destiny Resource Services Corp., provides seismic front-end services to energy explorers and producers as well as locating services to the oil and gas utilities industries.

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