real-time news and commentary for investors
Friday, Aug 23
Seadrill falls short in bid for Sevan Drilling
- Seadrill (SDRL) has been thwarted in an initial effort to acquire Sevan Drilling (SDRNF.OB) after gaining only a handful of shareholder acceptances under a mandatory offer for the company, Upstream reports.
- SDRL had launched a mandatory offer for all outstanding shares in Sevan following its June announcement that it had increased its ownership of the deepwater rig rival to 50.1%.
- SDRL +0.3% premarket.