Take No Action on the Offer
The unsolicited offer will be reviewed by the Special Committee and the Board of Directors with the assistance of their financial and legal advisors. Calfrac's Board of Directors will file a directors' circular in due course.
Calfrac shareholders are advised to TAKE NO ACTION on the Offer and NOT TO TENDER THEIR SHARES. Calfrac's Board of Directors will be issuing a directors' circular in response to the offer. Shareholders will be notified of any recommendation of the Board of Directors through a news release.
Calfrac's common shares are publicly traded on the
SOURCE
© Canada Newswire, source