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.
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 protected]