Supports acquisition by Total Energy Services Inc.
TORONTO, March 17, 2017 /CNW/ - Invesco Canada Ltd. announced today that it has tendered 16,612,918 shares of Savanna Energy Services Corp. (TSX:SVY) in support of the acquisition offer made by Total Energy Services Inc. (TSX:TOT).
Invesco has reached this decision based not only on its assessment of the current offer but also on its assessment of the longer-term prospects for the combined company, in which it expects to continue to remain an investor.
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About Invesco Ltd.
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
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© Invesco Canada Ltd., 2017
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, email@example.com