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BRIEF-Secure Energy Services And Tervita Corp To Merge

Published 2021-03-09, 09:57 a/m
© Reuters.
SES
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March 9 (Reuters) - Secure Energy Services Inc SES.TO :

* SECURE ENERGY SERVICES INC. AND TERVITA CORPORATION MERGE TO CREATE A STRONGER MIDSTREAM INFRASTRUCTURE AND ENVIRONMENTAL SOLUTIONS BUSINESS

* SECURE ENERGY SERVICES INC - COMBINED COMPANY WILL HAVE AN IMPLIED TOTAL ENTERPRISE VALUE OF APPROXIMATELY $2.3 BILLION

* SECURE ENERGY SERVICES INC - SECURE AND TERVITA SHAREHOLDERS WILL OWN APPROXIMATELY 52% AND 48%, RESPECTIVELY, OF COMBINED COMPANY

* SECURE ENERGY SERVICES - COMPANIES ENTERED INTO ARRANGEMENT AGREEMENT TO COMBINE IN AN ALL-SHARE TRANSACTION

* SECURE ENERGY SERVICES - SECURE WILL ACQUIRE SHARES OF TERVITA ON BASIS OF 1.2757 SHARES OF SECURE FOR EACH OUTSTANDING TERVITA SHARE

* SECURE ENERGY SERVICES INC - COMBINED CO EXPECTS TO MAINTAIN SECURE'S QUARTERLY DIVIDEND OF 0.75 CENTS($0.0075) PER SHARE

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