A midday pop in Pacific Drilling (PACD) based on takeover chatter didn't hold up as shares ended...

|About: Pacific Drilling SA (PACD)|By:, SA News Editor

A midday pop in Pacific Drilling (PACD) based on takeover chatter didn't hold up as shares ended slightly lower, but FT's Bryce Elder thinks there's credibility to the talk. The habitually acquisitive Seadrill (SDRL) posts Q3 results on Monday and has raised more than $2B in the past three months via asset sales and a bond issue, Elder notes.