Deal Snapshot
ROWAN COMPANIES CLEARED BY SAUDI ARABIA FOR PENDING COMBINATION WITH ENSCO
Thursday 28 March 2019

Texas, US-based contract drilling services provider Rowan Companies plc (NYSE: RDC) has received clearance from the General Authority for Competition in the Kingdom of Saudi Arabiafor its pending combination with UK-based offshore drilling contractor Ensco plc (NYSE: ESV), the company said.
As disclosed on February 21, 2019, shareholders of both Ensco and Rowan voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.


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Details
Date Published: 28/03/2019
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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