Tag: Western Energy Services

Western Energy demands $20 million termination fee from Savanna Energy

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 […]

Savanna Energy acquisition turns hostile as Total buys outstanding shares

Savanna Energy acquisition turns hostile as Total buys outstanding shares

Savanna Energy calls Total’s offer “inferior” to Western’s Total Energy Services Inc. announced in connection with its previously announced offer to purchase all of the issued and outstanding common shares of Savanna Energy Services Corp., it has purchased through the TSX, 35,000 Savanna Shares. All of the shares were purchased on March 16, 2017, according […]

Savanna Energy increases acquisition purchase price from Western Energy

Savanna Energy increases acquisition purchase price from Western Energy

Savanna Energy reiterates rejection of offer from Total Energy Savanna Energy Services Corp. announced that Western Energy Services Corp. has increased the consideration payable pursuant to its previously announced acquisition of common shares of Savanna, according to a press release. It now includes the payment of $0.21 in cash per Savanna Share in addition to the […]

Calgary-based Western Energy Services acquiring Savanna Energy

Calgary-based Western Energy Services acquiring Savanna Energy

Western is highly experienced in operating a large scale contract drilling and well servicing company Western Energy Services Corp. is acquiring fellow Alberta services firm Savanna Energy Services Corp.on the basis of 0.85 of a common share of Western for each outstanding Savanna share, the companies announced Wednesday. “This transaction, which has received the unanimous […]