FilingReader Intelligence
ADES to acquire Shelf Drilling for $0.4bn cash
August 5, 2025 at 02:01 PM UTC•By FilingReader AI
ADES International Holding will acquire all outstanding shares of Shelf Drilling for NOK 14.00 per share, totaling NOK 3.9 billion ($0.4 billion). This represents a 62% premium to Shelf Drilling's August 4 closing price.
The transaction is expected to close in Q4 2025. The combined entity will operate 83 jack-up rigs with a $9.45 billion backlog.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
OSL:SDHL•Oslo Stock Exchange
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