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Asia Offshore Drilling Ltd Updates on SeaDrill Ltd's Mandatory Cash Offer; Mermaid Maritime PCL Offers to Acquire Remaining Shares

Monday, 3 Dec 2012 06:36am EST 

Asia Offshore Drilling Ltd announced with reference to the statement released on December 3, 2012 by the Board of Directors of Asia Offshore Drilling Limited (AOD), that Mermaid Maritime PCL (Mermaid), the holder of 33.75% of the issued and outstanding share capital of AOD, confirms that it is willing to purchase all of the outstanding 120,470 common shares in AOD that remain owned by other shareholders subject to the offer made by Seadrill Ltd, for a consideration of USD 7.24 per share. This offer from Mermaid is open to all such shareholders in AOD, excluding Seadrill Limited, and is valid to December 10, 2012 at 16.30 CET. 

Company Quote

1.47 +6.37%
21 Oct 2014