RDC - Ensco Desperate To Merge With Rowan Ups The Bid Again
Earlier this month, I wrote about Ensco's (ESV) increased offer for Rowan (RDC) - 2.6 shares of Ensco per each Rowan share instead of the previously announced 2.215 Ensco shares for each Rowan share. At that time, Ensco stated that it was the final offer, but it turned out not to be the final offer. On Jan. 29, Ensco announced that it has entered into an amendment to the transaction agreement with Rowan under which the companies will combine in an all-stock transaction, and that this amendment was unanimously approved by