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Thursday, May 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

$12 Billion Oil Merger

Rowan Companies shareholders brought a federal class action to protest the merger of the oil and gas driller with Ensco in an all-stock deal that will leave Ensco shareholders with 61 percent and Rowan shareholders with 39 percent of the combined company, whose estimated value will be $12 billion.

HOUSTON — Rowan Companies shareholders brought a federal class action to protest the merger of the oil and gas driller with Ensco in an all-stock deal that will leave Ensco shareholders with 61 percent and Rowan shareholders with 39 percent of the combined company, whose estimated value will be $12 billion.

Categories / Securities

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