Deal Snapshot
SEADRILL CLOSES OFFER FOR SCORPION, OWNS 98.8%
Tuesday 20 July 2010

Oslo-listed offshore drilling contractor Seadrill (OSL:SDRL) said its mandatory offer of NOK40.50 (USD6.4/EUR5) per share for Scorpion (OSL:SCORE) was accepted by shareholders owning 48.7% in the company, giving it a total ownership of 98.8%.




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Details
Date Published: 20/07/2010
Target: Scorpion Offshore Ltd
Country: Bermuda
Sales: 196.75m (USD)
Sector: Machinery/Engineering, Petroleum/Natural Gas/Coal
Type: Corporate acquisition, P2P
Status: Closed
Buyer: SeaDrill Limited
Debt: 731.34m (USD)
EV/Sales: 6.28
EV: 1.23bn (USD)

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