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.

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Comments (1)
  • Lenchick
    , contributor
    Comments (85) | Send Message
    Does anyone know the offered price? I wanted to buy some Sevan but am not accessible to my broker and and cannot make the trade online. There should be a fair spread.
    24 Aug 2013, 05:55 AM Reply Like
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