CSL and T. Rowe Price Offer to Take Ranger Energy Services Private

Updated 1 year 6 months ago

Ranger Energy Services has received a non-binding offer from CSL Capital Management and Bayou Well Holdings to acquired all of the oustanding shares of Ranger common stock not owned by CSL, Bayou, and T. Rowe Price. The cash offer is $6.00 per share, subject to debt and equity financing and the approval of a special committee of Ranger directors. CSL and Bayou affilities own 64.9% of total shares while T. Rowe Price owns 8.8%.