Seadrill Limited Announces Agreement to Acquire Aquadrill LLC in All-Stock Transaction

Seadrill Limited and Aquadrill LLC yesterday announced that they have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company. The transaction values Aquadrill at …

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