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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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