Superior Drilling explores strategic alternatives, shares gain

Superior Drilling Products

22/05/2023 13:57

** Shares of energy services firm Superior Drilling Products
Inc  SDPI.A  rise 5% to $1 premarket 
    ** Co says it is exploring strategic alternatives to
maximize shareholder value
    ** SDPI says it is considering options including sales,
acquisitions, mergers and divestiture of assets
    ** Co retains Piper Sandler & Co.  PIPR.N  as financial
advisor during the process
    ** Up to last close, SDPI had risen 6.7% YTD     
    
    

    

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))