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ID - Ensco & Rowan close merger to form largest offshore driller - April 2019

Ensco Plc and Rowan Companies completed their previously disclosed
merger, creating the world's largest driller by fleet size. Rowan shareholders
received 2.75 Ensco shares for each Rowan share they owned immediately prior to
closing on April 11.
Ensco shareholders
hold ~55% of the combined
company, now called Ensco Rowan Plc. Rowan shareholders hold the balance. The
deal was originally announced as a $2.5 billion merger of equals in October, when
Rowan shareholders were told the merger would net them 2.215 Ensco shares......
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