FilingReader Intelligence
ADES to acquire Shelf Drilling for NOK 3.9bn
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, valuing the equity at NOK 3.9 billion.
The cash merger represents a 62% premium to Shelf Drilling's August 4 closing price and will create a combined fleet of 83 jack-ups with anticipated annual cost synergies of $40-50 million.
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
Supplementary Source Documents
Shelf Drilling, Ltd. – Notice of Extraordinary General MeetingAugust 5, 2025 at 03:23 AM UTC
Shelf Drilling, Ltd. – Q2 2025 Trading UpdateAugust 5, 2025 at 03:24 AM UTC
Shelf Drilling Q2 2025 earnings release informationAugust 5, 2025 at 09:27 AM UTC
Shareholding disclosure - Nordnet AB (publ)August 5, 2025 at 10:44 AM UTC
OSL:SHLF•Oslo Stock Exchange
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