Total Energy Services Inc. Announces That it Will Not Proceed With A Takeover Bid for Strad Energy Services Ltd.
CALGARY, ALBERTA–(Marketwired – Sep 23, 2015) – Total Energy Services Inc. (“Total” or the “Company“) (TOT.TO) announced today that as a result of the implementation of a shareholder rights plan (the “Poison Pill”) by Strad Energy Services Ltd. (“Strad”), which requires any takeover bid to remain open for 120 days in order to qualify as a “permitted bid”, Total will