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Oil & Gas Drilling

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Savanna reiterates rejection of Total offer and support for Western Energy acquisition

Wednesday, 22 Mar 2017 07:30am EDT

Savanna Energy Services Corp : Savanna reiterates rejection of the inadequate value of the Total offer and support for acquisition of Savanna by Western Energy .Savanna Energy Services Corp - board has unanimously determined that Savanna shareholders should reject offer from Total Energy Services Inc.

Savanna reiterates rejection of Total's offer

Wednesday, 22 Mar 2017 07:30am EDT

Savanna Energy Services Corp :Savanna reiterates rejection of the inadequate value of the Total offer and support for acquisition of Savanna by Western Energy.

Western Energy Services confirms its proposed deal with Savanna Energy Services

Tuesday, 21 Mar 2017 09:10pm EDT

Western Energy Services Corp : Western Energy Services Corp. confirms its offer; highlights the key benefits to Savanna shareholders; and asks for Savanna shareholders' support . Says combined company would have no debt maturities before 2019 . Western Energy Services - End result of a deal is expected to be higher cash flow per share for all shareholders and an expected $20 million per year in synergies .Western Energy Services- Offer price per Savanna share is $2.12 which is 9.1% higher than hostile proposal from Total Energy Services Inc.

Western Energy Services confirms its proposed deal with Savanna Energy Services

Tuesday, 21 Mar 2017 06:32pm EDT

Western Energy Services Corp : Western Energy Services Corp. confirms its offer; highlights the key benefits to Savanna shareholders; and asks for Savanna shareholders' support . Says combined company would have no debt maturities before 2019 . Western Energy Services - End result of a deal is expected to be higher cash flow per share for all shareholders and an expected $20 million per year in synergies .Western Energy Services- Offer price per Savanna share is $2.12 which is 9.1% higher than hostile proposal from Total Energy Services Inc.

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