Brief: Shawcor To Rebrand And Focus On Leadership In Infrastructure Technology

Mattr

12/09/2022 13:42

Sept 12 (Reuters) - Shawcor Ltd  SCL.TO :
    * SHAWCOR TO REBRAND AND FOCUS ON LEADERSHIP IN
INFRASTRUCTURE
TECHNOLOGY AS IT EXPLORES STRATEGIC ALTERNATIVES FOR SEVERAL
OILFIELD BUSINESSES
    * SHAWCOR LTD - IT WILL SEEK TO CHANGE ITS NAME TO MATTR
    * SHAWCOR LTD - ANTICIPATED THAT TRADING OF COMPANY'S COMMON
SHARES WILL COMMENCE UNDER A NEW TICKER SYMBOL
    * SHAWCOR LTD - NAME CHANGE IS EXPECTED TO OCCUR DURING
FIRST HALF
OF 2023
    * SHAWCOR - COMMENCED REVIEW OF STRATEGIC ALTERNATIVES FOR
PIPELINE PERFORMANCE GROUP, SHAW PIPELINE SERVICES AND OILFIELD
ASSET MANAGEMENT UNITS
    * SHAWCOR LTD - RANGE OF OPTIONS ARE UNDER CONSIDERATION,
INCLUDING POTENTIAL SALE OF ALL THREE OPERATING UNITS

Source text for Eikon:  ID:nGNX448qY1 
Further company coverage:  SCL.TO 

 ((Reuters.Briefs@thomsonreuters.com;))