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SeaDrill Ltd Announces Result of Mandatory Offer For All Outstanding Shares in Asia Offshore Drilling Ltd

Tuesday, 11 Dec 2012 02:55am EST 

SeaDrill Ltd announced, with reference to its mandatory offer to purchase all of the shares in Asia Offshore Drilling Ltd at NOK 28.71 per share which expired on December 10, 2012, that Seadrill has received acceptances of the offer totaling 83,520 shares. This will, together with the shares already owned by Seadrill in Asia Offshore Drilling (AOD), take Seadrill's total holding of AOD shares to 26,463,050, representing approximately 66.16% of all of the issued shares in AOD. Seadrill also announced that it will perform settlement of the offer on December 17, 2012. As such, all AOD shareholders having accepted the offer should have the funds available on their respective bank accounts shortly thereafter. 

Company Quote

-4.72 -22.79%
26 Nov 2014