Saturday, June 7, 2025

Key Energy Services Proposes to Combine with Basic Energy Services

Key Energy Services, Inc. (ticker: KEG) has proposed a combination with Basic Energy Services, Inc. (ticker: BAS) in an all-stock merger. On September 20, 2018 and again on September 23, 2018, Key sent letters to management and the board of directors of Basic outlining its merger proposal and its strong desire to negotiate a transaction. Copies of the letters are