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Announced

Transocean and Dolphin Drilling to acquire Seadrill for $1.7bn.

Financials

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Transaction Value£1,242m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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offshore

Majority

United Kingdom

Pending

Friendly

drilling services

Public

Acquisition

Offshore Drilling and Other Services

Cross Border

Synopsis

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Transocean, a form that commands deep-water and ultra-deep-water fleets, and Dolphin Drilling, a provider of exploration and development services, offered to acquire Seadrill, a provider of drilling and well services to the offshore industry, for $1.7bn. "This has the support of almost two-thirds of our creditors, who not only support our plan but our long-term business strategy and plans to emerge, with expediency, from Chapter 11," Iain Cracknell, Seadrill Spokesperson.

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