Who said that August was a month for relaxing by the beach? No book reviews for your sun lounger this year. Instead, we plunge into the results reporting season and an analysis of some of the recent deals in the offshore sector. Valaris exercises bargain Korean options The drillers are in a sweet...
Ensco Rowan plc announced the completion yesterday of the previously disclosed merger of Ensco plc and Rowan Companies plc. The company began trading today on the New York Stock Exchange under the ticker symbol ESV. EnscoRowan will maintain its headquarters in London with a significant presence in Houston.
Under the terms of the agreement, Rowan shareholders received 2.75 Ensco shares for each Rowan share they owned immediately prior to closing. Legacy Ensco and Rowan shareholders own...
https://www.workboat.com/news/offshore/ensco-rowan-complete-merger/
The previously announced merger between offshore drillers Ensco plc and Rowan Companies closed Thursday with overwhelming support from each company’s shareholders. The new company, named EnscoRowan, will trade on the New York Stock Exchange under the ticker symbol ESV. The closing of the...
Offshore drillers Ensco plc and Rowan Companies plc announced yesterday that the companies will combine in an all-stock transaction. The agreement was unanimously approved by each company’s board of directors. The companies anticipate that the transaction will close during the first half of 2019.
Under agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Upon closing, Ensco and Rowan shareholders will own approximately 60.5% and 39.5%, respectively, of the...
https://www.workboat.com/news/offshore/offshore-drillers-ensco-and-rowan-in-12-billion-merger/
By John Benny Oct 8 (Reuters) – Deep-sea oil driller Ensco Plc said on Monday it would buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to increase its rig count and benefit from Rowan’s joint venture with Saudi Aramco. The deal adds to a wave of […]