STEP Energy Services Shareholders to Vote on Cash Offer

STEP Energy Services (TSE:STEP) has released an update.

STEP Energy Services Ltd. has announced the delivery of documents for a special shareholder meeting to approve a plan of arrangement, offering a 40.4% cash premium per share. This arrangement is backed by the independent directors of STEP’s board, who recommend that minority shareholders vote in favor of the proposal.

For further insights into TSE:STEP stock, check out TipRanks’ Stock Analysis page.