Transocean offers $1.43 bn for Norway's Aker Drilling

15th August 2011, Comments 0 comments

Global offshore drilling group Transocean said Monday it will offer $1.43 billion (998 million euros) to acquire Aker Drilling, which currents runs two rigs in Norwegian waters.

Swiss domiciled Transocean said in a statement that it would offer 26.50 Norwegian krone per share for the Norwegian company, a 62 percent premium on Aker Drilling's 30-day average share price.

Shareholders representing 60.5 percent of Aker Drilling as well as its board of directors have given the go-ahead for the purchase, Transocean said.

Transocean shares rose 5.59 percent during the morning, to trade at 44.52 francs per share at 830 GMT in the Swiss stock market.

© 2011 AFP

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