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Ensco PLC (ESV.N)

ESV.N on New York Stock Exchange

6.70USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Ensco Plc to acquire Atwood Oceanics Inc
8:15am EDT 

May 30 (Reuters) - Atwood Oceanics Inc :Upon deal close,Ensco and Atwood shareholders to own about 69% and 31%, respectively of outstanding shares of Ensco .Ensco plc to acquire Atwood Oceanics Inc..Ensco expects to realize annual pre-tax expense synergies of approximately $65 million for full year 2019 and beyond.‍Atwood shareholders will receive 1.60 shares of ensco for each share of atwood common stock for a total value of $10.72 per atwood share​.Says Definitive merger agreement was unanimously approved by each company's board of directors.Says there are no financing conditions for the transaction.Co, Ensco have entered into a definitive merger agreement under which ensco will acquire atwood in an all-stock transaction.Says ‍based on anticipated annual savings, planned combination is expected to be accretive to projected discounted cash flows​.Says ‍estimated enterprise value of combined company is $6.9 billion​.Atwood oceanics inc says ensco's executive management will continue with carl trowell as president and chief executive officer.Says Ensco will continue to be domiciled in UK and senior executive officers will be located in London and Houston.Definitive merger agreement was unanimously approved by each company's board of directors.Combined company will have approximately $3.7 billion in revenue backlog​.  Full Article

Ensco Q4 earnings per share $0.13
Monday, 27 Feb 2017 05:37pm EST 

Ensco Plc : Ensco Plc reports fourth quarter and full-year 2016 results . Q4 earnings per share $0.10 from continuing operations . Q4 earnings per share $0.13 . Q4 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Ensco Plc - $3.6 billion of contracted revenue backlog excluding bonus at year-end . Revenues were $505 million in Q4 2016 compared to $828 million a year ago . Average day rate for fleet declined to $177,000 in Q4 2016 from $216,000 a year ago ."There was no loss on impairment in Q4 2016".  Full Article

Ensco enters amendment to ENSCO DS-10 drillship construction contract with Samsung Heavy Industries
Monday, 23 Jan 2017 04:51pm EST 

Ensco Plc - : Entered amendment to ENSCO DS-10 drillship construction contract with Samsung Heavy Industries shipyard constructing ENSCO DS-10 - SEC filing . Delivery date for drillship has been extended to March 31, 2019 - SEC filing . Under terms, payment of $75 million of about $309 million unpaid balance has been deferred to March 31, 2019 .Remaining payment of $234 million of purchase price is to be paid in January 2017.  Full Article

Ensco Plc increases cash consideration payable in offers to up to $850 mln
Tuesday, 20 Dec 2016 08:24am EST 

Ensco Plc : Ensco plc - extended early participation date to 11:59 p.m., New York City time, on January 4, 2017 . Ensco Plc - increased cash consideration payable in offers to up to $850 million .Ensco Plc announces early participation results, extension of early participation date and increase in aggregate maximum cash consideration for private offers to exchange outstanding senior notes.  Full Article

Ensco Plc and unit entered into fourth amendment and restated credit agreement
Friday, 16 Dec 2016 04:45pm EST 

Ensco Plc : Ensco plc-amendment also provides that obligations under revolving credit facility will be fully and unconditionally guaranteed by ensco jersey . Ensco plc- on december 15, 2016, co and unit entered into fourth amendment to its fourth amended and restated credit agreement- sec filing .Ensco plc-amendment permits incurrence of indebtedness related to issuance of $849.5 million aggregate principal amount of 3.00% senior notes due 2024 issued by ensco jersey finance limited.  Full Article

Ensco announces commencement of private placement of $650 mln of exchangeable senior notes due 2024
Tuesday, 6 Dec 2016 04:06pm EST 

Ensco PLC : Ensco PLC - Expects to use proceeds from offering to fund cash portion of co's concurrent exchange offers for outstanding 4.70% senior notes due 2021 . Ensco PLC - Intends to use remaining net proceeds to repurchase or refinance other debt . Ensco PLC - Commencement of a private placement of $650 million aggregate principal amount of exchangeable senior notes due 2024 .Ensco announces commencement of private placement of $650 million of exchangeable senior notes due 2024.  Full Article

Ensco says announces private offers to exchange outstanding senior notes
Tuesday, 6 Dec 2016 04:05pm EST 

Ensco Plc : Consideration for offers will be paid in ensco's 8.00% senior notes due 2024 .Ensco Plc announces private offers to exchange outstanding senior notes.  Full Article

Ensco Plc Reports Second Quarter 2016 Results
Wednesday, 27 Jul 2016 04:45pm EDT 

Ensco Plc : As of 30 June 2016, had $4.1 billion of contracted revenue backlog excluding bonus opportunities . "Expense management plans remain on track to achieve our cost savings targets" . Revenues were $910 million in Q2 2016 compared to $1.059 billion a year ago . Ensco Plc reports second quarter 2016 results . Q2 earnings per share $2.04 from continuing operations . Q2 earnings per share view $0.55 -- Thomson Reuters I/B/E/S .Qtrly total rig utilization 61% versus 76% last year.  Full Article

ENSCO plc commences public offering of class A ordinary shares
Thursday, 14 Apr 2016 04:06pm EDT 

ENSCO plc:Has commenced an underwritten public offering of 50,000,000 Class A ordinary shares.  Full Article

Petroleo Brasileiro Petrobras SA ends rig contract with ENSCO plc over corruption charges - Reuters
Wednesday, 6 Jan 2016 03:41am EST 

Ensco plc:Rig contractor Ensco Plc said Petrobras has declared void a contract for a drillship leased to the Brazilian oil producer. - RTRS.Petroleo Brasileiro SA, or Petrobras, chartered the DS-5 in 2008, when it was owned by Pride International, a company bought by Ensco in 2011. - RTRS.Petrobras said in a notice on Monday that Pride had knowledge that the rig's shipbuilder made "improper payments" to a marketing consultant who then shared the money with former employees of Petrobras. (http://1.usa.gov/1JX89dj) - RTRS.Ensco has denied allegations of corruption in Brazil. - RTRS.  Full Article

More From Around the Web

Offshore driller Ensco to buy Atwood Oceanics in $839 million deal

Offshore driller Ensco Plc said it would buy smaller rival Atwood Oceanics Inc in an all-stock deal valued at about $839 million to add high-specification offshore rigs to its fleet.