Analyst Research
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Provider: Reuters Investment Profile
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$20.00
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Sevan Drilling ASA's Board Believes that Seadrill Ltd's Offer of NOK 3.95 per Share Undervalues Sevan Drilling's Assets
Sevan Drilling ASA announced that the Company's Board believes that the price of NOK 3.95 proposed by Seadrill Ltd for each share in Sevan Drilling undervalues Sevan Drilling's assets and prospects, and represents a significant discount to latest analyst consensus net asset value estimates and target prices. The Company stated that its Board will revert with formal opinions on the offer and further guidance for shareholders regarding any future action in due course, once the details of Seadrill's offer, financing solution and other propositions have been reviewed and considered.
Latest Developments for Sevan Drilling ASA
- 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
- Sevan Drilling ASA Announces Intra-Group Merger between Sevan Drilling ASA and Wholly Owned Subsidiaries
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