Seadrill (SDRL) acquires an additional 611,449 shares of Asia Offshore Drilling, taking SDRL to...

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Seadrill (SDRL) acquires an additional 611,449 shares of Asia Offshore Drilling, taking SDRL to a 65.76% ownership stake in the company. A takeover strengthens SDRL’s position in the Asian jack-up market as the aging worldwide fleet of such units fuels demand and dayrates for newbuilds.