Canada's Savanna Energy to open books to potential suitors

Send a link to a friend  Share

[January 10, 2017]  (Reuters) - Canadian oilfield services company Savanna Energy Services Corp  said on Tuesday that it would open its books this week to potential suitors interested in a deal with the company.

 

Savanna said it also planned to explore strategic alternatives, which may include a sale of the company among other options.

The company had rejected an unsolicited acquisition offer from Total Energy Services Inc in December.

(Reporting by Komal Khettry in Bengaluru; Editing by Savio D'Souza)

[ 2017 Thomson Reuters. All rights reserved.]

Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Back to top