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BRIEF-Total Energy responds to Savanna transaction announcement
March 9, 2017 / 11:32 PM / 8 months ago

BRIEF-Total Energy responds to Savanna transaction announcement

March 9 (Reuters) - Total Energy Services Inc:

* Total Energy responds to Savanna transaction announcement and announces waiver of 66 2/3% minimum tender condition under the total energy offer

* Total Energy -confirmed with savanna shareholders that each of them considers arrangement to be inferior to transaction contemplated by total offer

* Total Energy Services Inc says each of locked-up shareholders has confirmed to total energy that it continues to support total offer

* Total Energy- proposed arrangement between savanna and western energy represents far less compelling deal for savanna than a combination with co

* Total Energy Services - believes based upon recent trading prices, terms of total offer, arrangement does not offer savanna shareholders meaningful value Source text for Eikon: Further company coverage:

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