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The Calgary Herald quotes Brad Freelan on Total Energy’s bid for Savanna Energy

Fasken
Reading Time 1 minute read
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“Potential bid for Savanna Energy Services the latest in a string of hostile takeover attempts” by Geoffrey Morgan, Financial Post.

The Calgary Herald quotes Toronto lawyer Brad Freelan in an article about Total Energy’s attempt to takeover Savanna Energy.

Fasken Martineau partner Bradley Freelan said Total’s hostile bid for Savanna would mark the eighth hostile takeover attempt in Canada this year and the third in Calgary, where companies have targeted Ironhorse Oil and Gas Inc. and Canexus Corp.

“Bids tend to occur at two extremes, when market prices are really depressed and people are trying to be opportunistic, or at times when valuations are really high and confidence is really high,” Freelan said.

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