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Ranger Energy Services Receives Non-Binding Cash Take Private Offer From Major Stockholders

Mar 16, 2020 - Business Wire

Ranger Energy Services, Inc. (NYSE: RNGR) ("Ranger"), an independent provider of well service rigs and associated services in the United States, today announced that it has received a non-binding offer from CSL Capital Management, L.P. ("CSL") and Bayou Well Holdings Company, LLC ("Bayou"), proposing to acquire all of the outstanding shares of common stock of Ranger not owned by CSL, Bayou and T. Rowe Price Associates, Inc. (the "T. Rowe Price Investors") in a cash merger transaction for $6.00 p...