Savanna Energy says approached by other potential suitors: Reuters
Savanna Energy Services Corp said it had received interest from other potential bidders after fellow oilfield services provider Total Energy Services Inc went hostile with its offer to buy the company, Reuters reported. Calgary-based Savanna, which has a market value of about $190 million, said it would explore strategic alternatives early next year. Last month, Alberta Investment Management Corp (AIMCo) agreed to provide the company with about $219 million in debt and equity financing.
15 December 2016•2 mins read
