Previous 10 | Next 10 |
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...
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...
Ensco (NYSE: ESV ) and Rowan (NYSE: RDC ) unveil a final merger agreement in which RDC shareholders will receive 2.75 ESV shares for each RDC share. More news on: Ensco PLC, Rowan Companies plc, Energy stocks news, Merger & acquisition news, Read more ...
HOUSTON , Jan. 29, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) today announced that it has entered into an amendment to the Transaction Agreement with Ensco plc (NYSE: ESV) ("Ensco") providing for the combination of the two companies in an all-stoc...
Reaffirms Commitment to Create Larger, More Diverse Offshore Driller Reiterates Strategic and Financial Benefits of Combining with Rowan Increases Anticipated Annual Expense Synergies to $165 Million Well Capitalized with Liquidity of $3.7 Billion Accretive to Cash Flow Per Share...
With Brent ( BNO ) around $60 per barrel and no breakthroughs on the contract front, offshore drilling stocks continue to trade on speculation, driven by fears of collapse on the downside and fueled by optimism regarding future oil prices and contract activity on the upside. Since most drill...
Welcome to the latest edition of the Energy Recap. Here are this week's "quick hits" from the energy sector - i.e., brief bits of recent news, along with some suggestions for further reading on each topic. Let us know what you think in the comments section below. Also, please note that the E...
Back in October, offshore drilling giant Ensco ( ESV ) launched a bid to acquire fellow British contractor Rowan Companies ( RDC ). As some readers may recall, I was not a fan of this deal and I questioned the benefits of it to Rowan. There has been quite a bit of investor pushback over the ...
Oil service stocks are reversing Friday's big gains, with the OSX Index dropping as much as 4.2% following bellwether Halliburton’s ( HAL -5.4% ) Q4 results and crude oil's sharp drop amid more signs of an economic slowdown in China, sparking concerns about global growth and fue...
News, Short Squeeze, Breakout and More Instantly...
Ensco plc Class A Company Name:
ESV Stock Symbol:
NYSE Market:
Ensco Rowan plc (NYSE:ESV) (“EnscoRowan” or the “Company”) announced today the results to date of its previously announced cash tender offers (collectively, the “Tender Offers,” and each offer to purchase a series of notes individually, a “Tend...
Ensco Rowan plc (NYSE: ESV) (the “Company”) announced today that it will change its name to Valaris plc, effective July 31, 2019. Following its name change, the Company’s ordinary shares will trade under the new ticker symbol VAL. The name Valaris was selected followi...
Ensco Rowan plc (NYSE: ESV) (“EnscoRowan” or the “Company”) will hold its second quarter 2019 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 3:00 p.m. London) on Thursday, 1 August 2019. The earnings release will be issued before the New York Stock E...