Friday, October 26, 2012
Seadrill SDRL Reaches 64.23% Ownership in Asia Offshore Drilling
Following this acquisition, Seadrill will be the owner of 25,690,958 shares in the Company, corresponding to 64.23% of the total number of outstanding shares in the Company. As a consequence, Seadrill will proceed with the launch of a mandatory cash offer for the remaining shares in the Company. Such mandatory offer will be launched as soon as practicably possible, within the time limits set out in chapter 6 of the Norwegian Securities Trading Act.
RS Platou Markets AS act as financial advisor to Seadrill in connection with the offer.
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Posted by Ray C. Parrish at 6:33 AM