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7 months ago
Canada's Savanna Energy to open books to potential suitors
January 10, 2017 / 1:37 PM / 7 months ago

Canada's Savanna Energy to open books to potential suitors

Jan 10 (Reuters) - Canadian oilfield services company Savanna Energy Services Corp said on Tuesday that it would open its books this week to potential suitors interested in a deal with the company.

Savanna said it also planned to explore strategic alternatives, which may include a sale of the company among other options.

The company had rejected an unsolicited acquisition offer from Total Energy Services Inc in December. (Reporting by Komal Khettry in Bengaluru; Editing by Savio D'Souza)

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