SDRL - Statement regarding Ensco's competing bid for Scorpion Offshore Ltd
(Thomson Reuters ONE) -
Hamilton, Bermuda, May 28, 2010 - Reference is made to the conditional offer by
Ensco to acquire shares in Scorpion Offshore Ltd that was disclosed on May 27
this year.
The Board in Seadrill has decided not to accept Ensco's conditional offer for
the shares in Scorpion Offshore Ltd. Seadrill is currently considering if we
should raise our offer price per share in order to secure more than 50 percent
ownership in Scorpion. The strengthening in the US dollar since the originally
Seadrill bid of NOK36 per share was launched gives Seadrill room for an increase
in the offer price. However, the financial commitments to third parties entered
into by the Board of Scorpion subsequent to our offer reduce the value of
Scorpion for Seadrill. As Seadrill has no intention of accepting the current
offer from Ensco, we encourage other shareholders to do the same.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1419655]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 28.05.2010 - 10:53 Uhr
Sprache: Deutsch
News-ID 21635
Anzahl Zeichen: 0
contact information:
Town:
Hamilton
Kategorie:
Business News
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