Ensco and Rowan Companies to combine in $12 billion dealStaff Writer | October 8, 2018
Ensco and Rowan Companies said they have agreed to combine in an all-stock deal with an enterprise value of $12 billion.
Merger Rowan shareholders will receive 2.215 Ensco shares
The deal is expected to boost cash flow per share in 2020 and to close in the first half of 2019. The new company will be a leading player in offshore drilling with a diverse customer base that includes most of the big offshore reserve holders, the companies said in a joint statement. ■