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Franklin Resources acquires Savanna Energy Services common shares

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Franklin Resources acquires Savanna Energy Services common shares

Franklin Resources Inc., through one or more affiliated investment managers, acquired control of 41,600 Savanna Energy Services Corp. common shares.

The shares were acquired on Dec. 13, 2016, through the facilities of the Toronto Stock Exchange.

The company now holds 23,197,856 Savanna shares, representing about 19.63% of Savanna's outstanding shares.

Franklin Resources operates as Franklin Templeton Investments.