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Sevan Drilling ASA Announces Intra-Group Merger between Sevan Drilling ASA and Wholly Owned Subsidiaries
Sevan Drilling ASA announced that to optimize the group's legal structure Sevan Drilling is in the process of consolidating certain of its wholly owned subsidiaries through a simplified intra-group merger pursuant to the Norwegian Public Companies Act section 13-24, with all the subsidiaries' rights and obligations being transferred to the Company without consideration. The Company expects the mergers to complete in Q3.
Latest Developments for Sevan Drilling ASA
- Sevan Drilling ASA's Board Believes that Seadrill Ltd's Offer of NOK 3.95 per Share Undervalues Sevan Drilling's Assets
- Seadrill Ltd to Submit Mandatory Offer for All Shares Outstanding in Sevan Drilling ASA
- Seadrill Ltd to Buy up to 116,947,252 Shares in Sevan Drilling ASA, Corresponding to Ownership Stake of 50%
- Sevan Drilling ASA Secures USD 1,450 Million Loan Facility and Contemplates USD 500 Million Bond Issue
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