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BRIEF-Western Energy issues statement in regards to its agreement with Savanna Energy

Published 2017-03-16, 10:01 p/m
© Reuters.  BRIEF-Western Energy issues statement in regards to its agreement with Savanna Energy
WRG
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March 16 (Reuters) - Western Energy Services WRG.TO :

* Western Energy Services underlines offer premium and looks to "cut through noise" around its agreement with Savanna Energy Services Corp

* determined that it was prepared to increase consideration payable in arrangement to create a larger margin of difference

* looks forward to continuing to communicate its perspective on exceptional proposed business combination of Western and Savanna

* continues to be willing to engage with Franklin Bissett, Invesco and Foyston in relation to the offer Source text for Eikon: Further company coverage: SVY.TO

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