SDRL - Seadrill files mandatory offer for remaining shares in Scorpion Offshore

SDRL - Seadrill files mandatory offer for remaining shares in Scorpion Offshore

ID: 20594

(Thomson Reuters ONE) -


Hamilton, Bermuda, May 10, 2010 - Reference is made to the stock exchange
release dated April 12, 2010 in which Seadrill announced its intention to put
forward a mandatory offer for all the remaining outstanding shares in Scorpion
Offshore Ltd (a company registered in Bermuda with registration number 37220).


Seadrill hereby announces that an offer document where Seadrill makes a
mandatory offer to acquire all outstanding shares in Scorpion not already owned
or controlled by Seadrill has been filed with and approved by Oslo Børs. The
offer is NOK36.00 per share in cash and the acceptance period is from and
including May 10, 2010 to and including June 7, 2010 17:30 CET. For further
information please see the filed offer document in the attachment. The offer
document is also available on the Seadrill web site www.seadrill.com
as well as www.carnegie.no .
A hard copy of the offer document will also be distributed to Scorpion
shareholders registered in the Norwegian Central Securities Depository (VPS)

Seadrill reiterates that it is prepared, subsequent to the completion of the
offer period, to be owner of anything between 40.01% and 100% of Scorpion.



Contact:
Jim Dåtland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1414302]





SCORE Offer document: http://hugin.info/135817/R/1414302/365608.pdf






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Bereitgestellt von Benutzer: hugin
Datum: 10.05.2010 - 15:39 Uhr
Sprache: Deutsch
News-ID 20594
Anzahl Zeichen: 0

contact information:
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Hamilton



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Business News



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