Rowan Adjourns Shareholder Meeting as It Reviews Ensco Bid
2019年1月18日 - 8:17AM
Dow Jones News
By Josh Beckerman
Rowan Cos. (RDC) is adjourning a Jan. 23 shareholder meeting as
it continues to review a revised buyout offer from Ensco PLC
(ESV).
Rowan will respond "in due course" and then determine a date to
reconvene the meeting.
The offshore oil drillers announced the stock-swap deal in
October. At the time, Rowan had a market value of about $2.4
billion.
Rowan shareholder Canyon Capital said Jan. 7 it would oppose the
transaction. On Monday, Ensco said it would offer 2.6 Ensco shares
for each Rowan share, up from 2.215 previously.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 17, 2019 18:02 ET (23:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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