Ensco, Rowan agree on amended merger bid

 

Offshore drilling companies Ensco and Rowan have amended the terms of the previously proposed merger, with Rowan board accepting Ensco’s improved offer for the all-stock merger.

Under the amended agreement, Rowan shareholders will receive 2.750 shares of Ensco for each share of Rowan they own. All other terms and conditions of the agreement entered into on October 7, 2018, remain the same.

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