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BRIEF-Strad Energy says no formal offer yet been presented by Total Energy to Strad or shareholders

Published 2015-09-22, 08:41 a/m
© Reuters.  BRIEF-Strad Energy says no formal offer yet been presented by Total Energy to Strad or shareholders
SDY
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Sept 22 (Reuters) - Strad Energy Services Ltd SDY.TO :
* Responds to announcement of Total energy's intention to make an unsolicited
offer for Strad
* Says "no formal offer has yet been presented to Strad or its shareholders"
* Says "Total Energy has significantly overstated the size of the premium it
says it intends to offer"
* Says "no certainty that an offer will be made or that a transaction will take
place"
* Raymond james is acting as financial advisor to Strad and burnet, duckworth &
palmer llp is acting as legal advisor to Strad

* Source text for Eikon ID:nCCN1tp7rQ

* Further company coverage SDY.TO

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