Ensco gets UK clearance for Rowan merger

 

Offshore drilling company Ensco has received approval from the UK competition authorities for its imminent merger with rival Rowan Companies.

Ensco on Friday said the United Kingdom’s Competition and Markets Authority gave its clearance, adding that the transaction remained subject to satisfaction or waiver of certain other conditions, including approval by the shareholders of both Ensco and Rowan along with other regulatory and court approvals. Ensco’s General Meeting to approve resolutions relating to the transaction with Rowan is scheduled for Thursday, February 21, 2019.

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