Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Failed Conversion

Civeo (CVEO) does not pursue REIT conversion and expects weaker 2015, stock falls 55%

Civeo (CVEO) announced that it plans to continue as a C Corp and redomicile to Canada. It will not pursue REIT conversion as was expected by many investors. The company also announced it is expecting lower results in Q4 2014 and 2015 results lower than 2014. As a result its shares fell ~55%. Press Release

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