Second Wave Petroleum Agrees to Brookfield Take-Private Offer
Calgary-based Second Wave Petroleum Inc., a producer of crude oil and natural gas in Western Canada, has agreed to be taken private by controlling investor Brookfield Bridge Lending Fund, which is part of the private equity group of Brookfield Asset Management. The Brookfield fund earlier in May made a cash offer of 30 cents per share. Independent members of the company's board of directors have recommended the deal, which will now go to a special meeting of shareholders and option holders in June.
31 May 2013•6 mins read
