Tag: arrangement
Calgary-based oil rig maker TESCO Corp. sold to USA competitor Nabors Industries
Transaction values TESCO common stock at $4.62 per share Tesco Corporation announced it entered an agreement Nabors Industries Ltd. to combine with Nabors in a stock-for-stock transaction, according to a press release. TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO. TESCO shareholders will own approximately 10 per cent of the outstanding shares […]
Western Energy demands $20 million termination fee from Savanna Energy
Demand for payment provides Savanna with 5 business days to pay termination fee Western Energy Services Corp. announced it issued a formal demand for payment to Savanna Energy Services Corp. for payment of a termination fee in the amount of $20,000,000 in respect of the arrangement contemplated by between Western and Savanna, according to a Western […]
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