RDC News and Press, Rowan Companies plc Class A From 02/08/19

Back in 2017, there was a rumor about Rowan ( RDC ) merging with Maersk Drilling. The rumor did not make sense right from the start but ever since that rumor was discussed, the topic of M&A with the participation of Maersk Drilling was part of many offshore drilling-related discussions...

The earnings season is underway, and it’s high time for my traditional preview for offshore drillers. Drillers’ earnings reports and subsequent conference calls are expected to be highly interesting this month, providing information on major events like Ensco ( ESV )/Rowan ( RDC ...

HOUSTON , Feb. 5, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) today announced that Institutional Shareholder Services, Inc. ("ISS") and Egan-Jones Proxy Services ("Egan- Jones "), two leading proxy advisory firms, recommend that Rowan shareholders ...

Merger activity increased last week with two new deals announced and eleven pending deals closing. Deal Statistics: New Deals: The merger of Versum Materials (VSM) and Entegris (ENTG) for $4.89 billion in an all-stock deal. Under the terms of the agreement, Versum Materials stoc...

Rowan (RDC) has been the best-performing offshore drilling stock since the beginning of the year, gaining as much as 45% year-to-date. The ingredients of this success were the oversold state of the stock at the end of 2018, oil price rebound in January 2019 and, most importantly, increased bid...

Image: Drillship Rowan Reliance. Courtesy: Offshore Post. Merger thesis We learned this week from Ensco ( ESV ) the following: [T]he Company has entered into an amendment to the transaction agreement with Rowan Companies plc ( RDC ) under which the companies will combine in an all-sto...

Rowan ( RDC -1.5% ) says its Rowan Viking jack-up drilling rig was awarded a seven-well program by Lundin ( OTCPK:LNDNF ) for work offshore Norway for a minimum duration of 265 days. More news on: Rowan Companies plc, Lundin Petroleum AB, Energy stocks news, Read more ...

HOUSTON , Jan. 30, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a seven-well program by Lundin Norway AS in Norway for a minimum duration of 26...

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 th...

Merger activity decreased last week with one new deal announced and one pending deal closing. Deal Statistics: New Deals: The acquisition of UQM Technologies (UQM) by Danfoss Power Solutions (US) Company for $100 million or $1.71 per share in cash. Deal Updates: On Janua...