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BRIEF-CWC Energy Services initiates review of strategic alternatives

Published 2017-05-04, 08:52 a/m
© Reuters.  BRIEF-CWC Energy Services initiates review of strategic alternatives

May 4 (Reuters) - Cwc Energy Services Corp CWC.V

* Cwc energy services corp. Initiates review of strategic alternatives

* Cwc energy services corp. Initiates review of strategic alternatives

* Cwc energy services- co has not established definitive timeline to complete its review, no decision on any particular alternative has been reached at this time

* Cwc energy services corp- special committee of company's board of directors has been established to oversee review of strategic alternatives

* Cwc energy-in light of improving oilfield activity, "opportunities" for consolidation, co initiated process to review strategic alternatives

* Cwc energy services corp - retained gmp firstenergy and cibc world markets inc. As its financial advisors

* Cwc energy services corp - special committee of company's board of directors has been established to oversee review of strategic alternatives

* Cwc energy services corp - strategic alternatives process has not been initiated as a result of receiving any transaction proposal

* Cwc-Strategic alternatives may include merger, combination, partnership, jv, sale of company or a portion of its assets among others Source text for Eikon: ID:nCNWtzBG6a Further company coverage: CWC.V

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