TOTZF
Total Energy Services Inc.Grey Market
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  • Sep. 24, 2015, 10:27 AM
    • Canadian oilfield services provider Total Energy Services (OTC:TOTZF) says it will not pursue a takeover bid for Strad Energy Services (OTC:STRDF).
    • Strad earlier adopted a poison pill that required any takeover bid to remain open for 120 days in order to qualify as a permitted bid, which Total Energy says exposes it to an unacceptable level of risk in the current market environment.
    • Total Energy currently owns slightly less than 10% of Strad's outstanding shares.
    | Sep. 24, 2015, 10:27 AM