STEP Energy's Top Shareholder Bids for Rest of Company

Dow Jones

Sep 25, 2025

By Colin Kellaher

STEP Energy Services' majority shareholder has made a non-binding offer to buy the rest of the provider of coiled tubing, fluid and nitrogen pumping, and hydraulic-fracturing solutions.

STEP on Thursday said energy-focused private-equity firm ARC Financial has proposed paying 5.50 Canadian dollars (US$3.96) apiece for shares of the Calgary, Alberta, company it doesn't already own, a 29% premium to Wednesday's closing price of C$4.26.

ARC currently owns or exercises control or direction of more than 55% of STEP's shares outstanding.

STEP said its board has formed a special committee of independent directors to review and consider the offer.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 25, 2025 06:28 ET (10:28 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2570095151"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2570095151\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2570095151?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-25 18:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2570095151","market":"us","top_or_hot":-1,"title":"STEP Energy's Top Shareholder Bids for Rest of Company","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Colin Kellaher \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  STEP Energy Services' majority shareholder has made a non-binding offer to buy the rest of the provider of coiled tubing, fluid and nitrogen pumping, and hydraulic-fracturing solutions. \n</p>\n<p>\n  STEP on Thursday said energy-focused private-equity firm ARC Financial has proposed paying 5.50 Canadian dollars (US$3.96) apiece for shares of the Calgary, Alberta, company it doesn't already own, a 29% premium to Wednesday's closing price of C$4.26. \n</p>\n<p>\n  ARC currently owns or exercises control or direction of more than 55% of STEP's shares outstanding. \n</p>\n<p>\n  STEP said its board has formed a special committee of independent directors to review and consider the offer. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2025 06:28 ET (10:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>STEP Energy's Top Shareholder Bids for Rest of Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSTEP Energy's Top Shareholder Bids for Rest of Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-25 18:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Colin Kellaher \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  STEP Energy Services' majority shareholder has made a non-binding offer to buy the rest of the provider of coiled tubing, fluid and nitrogen pumping, and hydraulic-fracturing solutions. \n</p>\n<p>\n  STEP on Thursday said energy-focused private-equity firm ARC Financial has proposed paying 5.50 Canadian dollars (US$3.96) apiece for shares of the Calgary, Alberta, company it doesn't already own, a 29% premium to Wednesday's closing price of C$4.26. \n</p>\n<p>\n  ARC currently owns or exercises control or direction of more than 55% of STEP's shares outstanding. \n</p>\n<p>\n  STEP said its board has formed a special committee of independent directors to review and consider the offer. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2025 06:28 ET (10:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STEP","symbol_name":"StepStone Group Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2570095151","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570095151","pubTimestamp":1758796080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"STEP Energy Services' majority shareholder has made a non-binding offer to buy the rest of the provider of coiled tubing, fluid and nitrogen pumping, and hydraulic-fracturing solutions.STEP on Thursday said energy-focused private-equity firm ARC Financial has proposed paying 5.50 Canadian dollars  apiece for shares of the Calgary, Alberta, company it doesn't already own, a 29% premium to Wednesday's closing price of C$4.26.ARC currently owns or exercises control or direction of more than 55% of STEP's shares outstanding.STEP said its board has formed a special committee of independent directors to review and consider the offer.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STEP":"StepStone Group Inc.","BK4135":"资产管理与托管银行"},"translate_title":"STEP Energy最大股东竞购公司其余部分","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STEP":1.5},"content_text":"By Colin Kellaher \n\n\n \n\n\n  STEP Energy Services' majority shareholder has made a non-binding offer to buy the rest of the provider of coiled tubing, fluid and nitrogen pumping, and hydraulic-fracturing solutions. \n\n\n  STEP on Thursday said energy-focused private-equity firm ARC Financial has proposed paying 5.50 Canadian dollars (US$3.96) apiece for shares of the Calgary, Alberta, company it doesn't already own, a 29% premium to Wednesday's closing price of C$4.26. \n\n\n  ARC currently owns or exercises control or direction of more than 55% of STEP's shares outstanding. \n\n\n  STEP said its board has formed a special committee of independent directors to review and consider the offer. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 25, 2025 06:28 ET (10:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}