FilingReader Intelligence

ADES to acquire Shelf Drilling for NOK 3.9bn

August 5, 2025 at 02:01 PM UTCBy 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

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