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Shelf Drilling, Ltd. Announces Agreement to Acquire Shelf Drilling (North Sea), Ltd.

https://newsweb.oslobors.no/message/627790


This represents a total consideration of NOK 25.90 per SDNS share, and corresponds to an equity value of SDNS of approximately NOK 2.6 billion, based on a value per SHLF share of NOK 17.05, corresponding to the closing trade price on the Oslo Stock Exchange as of September 13, 2024. The total cash consideration element of the Merger Consideration amounts to approximately the NOK equivalent of USD 30 million.