Simmons & Company Sees Ensco plc (ESV) and Rowan Cos. (RDC) as Compelling Combo

Go back to Simmons & Company Sees Ensco plc (ESV) and Rowan Cos. (RDC) as Compelling Combo

Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Rowan Companies plc (RDC) on Behalf of Stockholders and Encourages RDC Investors to Contact the Firm

October 8, 2018 7:45 PM EDT

NEW YORK, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Rowan Companies plc (NYSE: RDC) on behalf of stockholders concerning the proposed acquisition of the company by Ensco plc.

Pursuant to the proposed transaction, announced on October 8, 2018, Rowan... More

Ensco plc and Rowan Companies plc Agree to Combine, Creating Industry-Leading Offshore Driller

October 8, 2018 6:50 AM EDT

LONDON, Oct. 8, 2018 /PRNewswire/ -- Ensco plc (NYSE: ESV) and Rowan Companies plc (NYSE: RDC) jointly announced today that the companies have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction. The definitive transaction agreement was unanimously approved by each company's board of directors. The Saudi Aramco partner to the ARO Drilling joint venture has consented to the combination between Rowan and Ensco.

Under the terms of the transaction agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan... More

Ensco plc and Rowan Companies plc Agree to Combine, Creating Industry-Leading Offshore Driller

October 8, 2018 6:50 AM EDT

Broad Portfolio of High-Specification Floaters and Jack-ups
Diverse Customer Base Includes Most of the Largest Holders of Offshore Reserves
Broadest Geographic Presence of Any Offshore Driller
Well Capitalized with Combined Liquidity of $3.9 Billion
$150 Million of Anticipated Annual Expense Synergies
Accretive to Cash Flow Per Share in First Full Year Following Closing
Clear Leader in Customer Satisfaction with Strong Focus on Safety and Operations

LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) and Rowan Companies plc (NYSE: RDC) jointly announced today that the... More