Savanna Energy acquires rental business

CALGARY, Sept. 5 /CNW/ - Savanna Energy Services Corp. ("Savanna") (TSX: SVY) is pleased to announce the signing of a definitive agreement to acquire the assets of a privately-held oilfield services rental company for aggregate cash proceeds of $20.0 million, subject to adjustments at closing. Closing is anticipated to occur no later than September 12, 2008. The acquisition includes a substantial inventory of... [read full story]