Reported about 12 hours ago
Shareholders of Shelf Drilling have overwhelmingly approved a cash merger with Saudi Arabian's ADES, with 99.6% voting in favor during a recent extraordinary general meeting. The merger terms were revised to increase the cash offer to Nkr18.50 per share, totaling an equity valuation of around $380 million. The deal is expected to close in the fourth quarter of 2025, pending customary closing conditions and regulatory approvals.
Source: YAHOO