Savanna Energy to open books to potential suitors: Reuters
Canadian oilfield services provider Savanna Energy Services Corp said it would open its books this week to potential suitors interested in a deal with the company, Reuters reported. Calgary-based Savanna said it also planned to explore strategic alternatives, which may include a sale of the company among other options. In November 2016, Canadian pension fund manager Alberta Investment Management Corp (AIMCo) agreed to provide Savanna with about $219 million in debt and equity financing.
10 January 2017•1 min read
