Deal Snapshot
PROXY ADVISORY FIRMS ISS AND EGAN-JONES RECOMMEND ROWAN SHAREHOLDERS SUPPORT MERGER WITH ENSCO
Friday 08 February 2019

US-based proxy advisory firms Institutional Shareholder Services, Inc. and Egan-Jones Proxy Services have recommended that shareholders of Texas, US-based contract drilling services provider Rowan Companies plc (NYSE: RDC) vote in favour of the company's pending merger with UK-based offshore drilling contractor Ensco plc (NYSE: ESV), the companies said.
As reported on 29 January 2019, Rowan and Ensco have amended the transaction agreement the companies entered into on 7 October 2018.


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Details
Date Published: 08/02/2019
Target: Rowan Companies
Country: USA
Deal Size: 12bn (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Merger
Financing: Stock
Status: Agreed
Vendor:
Buyer: Ensco
Buyer Advisor: Morgan Stanley and Co. , HSBC Securities , Citigroup Global Markets , Gibson, Dunn and Crutcher , Slaughter and May
Comment:


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