Total Energy Services has made an offer to purchase Strad Energy Services. Strad shareholders may elect to take all-cash of $2.90/share
or an implied purchase price of $2.78/share on a share exchange ratio of 0.1x Total shares and $1.35/share in cash. The offer price could be
viewed as a 7% to 12% premium to the September 21, 2015 closing price of $2.60 depending on which structure an investor were to choose.
22 Sep 2015
Total Energy Services (TOT) Makes Hostile Offer to Purchase Strad Energy Services (SDY)
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Total Energy Services (TOT) Makes Hostile Offer to Purchase Strad Energy Services (SDY)
Total Energy Services Inc. (0S9F:LON) | 0 0 0.0% | Mkt Cap: 638.1m
- Published:
22 Sep 2015 -
Author:
Ian B. Gillies -
Pages:
10
Total Energy Services has made an offer to purchase Strad Energy Services. Strad shareholders may elect to take all-cash of $2.90/share
or an implied purchase price of $2.78/share on a share exchange ratio of 0.1x Total shares and $1.35/share in cash. The offer price could be
viewed as a 7% to 12% premium to the September 21, 2015 closing price of $2.60 depending on which structure an investor were to choose.