Transocean offers $1.43 billion for Norway's Aker Drilling
AFP · 15 Aug 2011, 16:56
Published: 15 Aug 2011 16:56 GMT+02:00
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.