real-time news and commentary for investors
Friday, Oct 11
Seadrill moves ahead with spinoff listing without strategic partner
- Seadrill (SDRL -0.3%) says it is putting on hold plans to bring in a strategic partner to its North Atlantic Drilling harsh-environment spinoff but will continue to proceed with an independent NYSE listing.
- SDRL says it remains committed as a long-term shareholder in North Atlantic Drilling and establishing it as an independently listed and financed entity is an important strategic goal.