LONDON--(BUSINESS WIRE)--
Ensco plc (NYSE: ESV) (“Ensco” or the “Company”) today announced the
completion of its acquisition of Atwood Oceanics, Inc.
Under the terms of the merger agreement, Atwood shareholders are
entitled to receive 1.60 Ensco Class A ordinary shares for each share of
Atwood common stock they own. Ensco and Atwood shareholders will own
approximately 69% and 31%, respectively, of the outstanding shares of
the combined company. In connection with the completion of the
transaction, Atwood common stock has ceased trading on the New York
Stock Exchange.
Carl Trowell, Ensco’s President and Chief Executive Officer, said,
“Today is an important day in our company’s history. Ensco has used
timely acquisitions to grow into one of the leading offshore drilling
companies, and the acquisition of Atwood is another major milestone in
our progression. We are excited to complete this transaction and to
welcome our new employees, customers and shareholders to an even
stronger Ensco.”
About Ensco
Ensco plc brings energy to the world as a global provider of offshore
drilling services to the petroleum industry. For 30 years, the Company
has focused on operating safely and going beyond customer expectations.
Ensco is ranked first in total customer satisfaction in the latest
independent survey by EnergyPoint Research — the seventh consecutive
year that Ensco has earned this distinction. Operating one of the newest
ultra-deepwater rig fleets and a leading premium jackup fleet, Ensco has
a major presence in the most strategic offshore basins across six
continents. Ensco plc is an English limited company (England No.
7023598) with its corporate headquarters located at 6 Chesterfield
Gardens, London W1J 5BQ. To learn more, visit our website at www.enscoplc.com.
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Source: Ensco plc