Ensco plc Announces Intention to Adjourn General Meeting
ENSCO (ESV)
Last ensco earnings: 5/1 06:53 pm
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US:NYSE Investor Relations:
enscoplc.com/investors/default.aspx
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Source: Business Wire
LONDON--(BUSINESS WIRE)-- Ensco plc ("Ensco" or the "Company") (NYSE: ESV) today announced that it intends to convene and adjourn the Company’s General Meeting scheduled for January 23, 2019, which was scheduled to approve resolutions relating to the transaction with Rowan Companies plc (NYSE: RDC) (“Rowan”) entered into on October 7, 2018. On January 14, 2019, Ensco provided an enhanced proposal to Rowan whereby Rowan shareholders would receive 2.600 shares of Ensco for each share of Rowan, which represents an approximately 17.4% increase compared to the 2.215 exchange ratio contemplated under the definitive transaction agreement entered into on October 7, 2018. Rowan’s Board of Directors is in the process of reviewing the enhanced proposal before providing its response to Ensco. Following Rowan’s response, Ensco will announce the date and time at which the General Meeting will be reconvened.
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