Seadrill Ltd Launches Mandatory Offer for Sevan Drilling ASA


Wednesday, 24 Jul 2013 10:37am EDT 

Sevan Drilling ASA announced that Seadrill Ltd (the Offeror) has communicated the launch of the Mandatory Offer on the terms and conditions set out in the offer document dated July 24, 2013. A cash consideration of NOK 3.95 will be offered per share, equaling the cash offer in the completed Acquisition. The acceptance period commences on July 25, 2013 and expires at 16:30 (CET) on August 22, 2013. DNB Markets is acting as financial advisor and receiving agent for the Offeror. 

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