Transocean offers $1.43 billion for Norway's Aker Drilling
AFP - [email protected]
Published: 15 Aug, 2011 CET.
Updated: Mon 15 Aug 2011 16:56 CET
Global offshore drilling group Transocean said on Monday it will offer $1.43 billion to acquire Aker
Drilling, which currents runs two rigs in Norwegian waters.
Swiss-domiciled Transocean said in a statement that it would offer 26.50 Norwegian kroner per share for the Norwegian company, a 62 percent premium on Aker Drilling's 30-day average share price.
Shareholders representing 60.5 percent of Aker Drilling as well as its board of directors have given the go-ahead for the purchase, Transocean said.
Transocean shares rose 5.59 percent during the morning, to trade at 44.52 francs per share at 830 GMT in the Swiss stock market.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.