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...
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Offshore Driller Ensco to Buy Rowan in $2.38 Billion Deal
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 […]