ShawCor announces strategic review
Sept 5 (Reuters) - ShawCor Ltd said its controlling shareholder and chair of its board of directors, Virginia Shaw, may sell her shares as part of a sale of the company.
The energy services company has set up a committee to conduct a strategic review of alternatives, including canvassing potentially interested third parties, the company said in a statement.
The committee has engaged Credit Suisse Canada as financial adviser.
ShawCor shares closed at C$35.08 on Wednesday on the Toronto Stock Exchange.