Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Tag Archives: Takeover

Total Energy’s Take-over Bid for Savanna Energy: Developments and Defensive Tactics

Posted in Mergers & Acquisitions
Background On November 23, 2016, Total Energy Services Inc. (Offeror) disclosed its intention to make an offer (Offer) to purchase all of the issued and outstanding common shares (Target Shares) of Savanna Energy Services Corp. (Target) for consideration consisting of common shares of the Offeror (Offeror Shares). The Target responded in two press releases, dated… Continue Reading