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BRIEF-Western Energy Services confirms its proposed deal with Savanna Energy Services
2017年3月22日 / 凌晨1点12分 / 8 个月前

BRIEF-Western Energy Services confirms its proposed deal with Savanna Energy Services

March 21 (Reuters) - 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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