Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports

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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

Thursday, 27 Jun 2013 03:55am EDT 

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. 

Company Quote

-0.03 -4.84%
17 Dec 2014