Provider: Pechala's Reports
Seadrill Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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SeaDrill Ltd Updates on North Atlantic Drilling Ltds' Initial Public Offering
SeaDrill Ltd announced that its majority owned subsidiary, North Atlantic Drilling Ltd (NADL), announced on December 12, 2012 that it filed its registration statements with the United States Securities and Exchange Commission (SEC) on December 11, 2012. The initial public offering of NADL's common shares and an exchange offer to exchange existing unregistered shares for SEC-registered shares are expected to commence after the SEC completes its review process. NADL has applied to list its common shares on The New York Stock Exchange under the symbol "NADL". Morgan Stanley will act as the Global Coordinator and Lead Bookrunner of the offering. The offering of the common shares will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 will be made available when the SEC has completed its review process. Registration statements relating to these securities have been filed with the SEC but have not become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statements becomes effective. North Atlantic Drilling is an offshore harsh environment drilling company in which Seadrill Limited holds a 74%-ownership interest.
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