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BRIEF-Savanna reports increase to purchase price for acquisition of Western Energy Services

March 15 Savanna Energy Services Corp:

* Savanna announces increase to purchase price for acquisition of Savanna by Western Energy Services Corp. and reiterates rejection of the Total offer

* Savanna announces increase to purchase price for acquisition of Savanna by Western Energy Services Corp. and reiterates rejection of the total offer

* Savanna Energy Services Corp- amending agreement also provides for an increase in reciprocal non-completion fee by $5 million to $20 million

* Pursuant to revised Western offer, new consideration reflects a price of $2.30 per Savanna share

* Savanna Energy Services Corp - Western Energy Services increased consideration payable pursuant to its previously announced acquisition of common shares of savann

* Savanna Energy Services - revised Western offer, which includes a firm $0.21 in cash per Savanna share, is "superior" to Total's hostile offer Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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