Ensco Rowan investor seeks $2.5 billion dividend payout [Reuters]
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Source: Reuters
Ensco Rowan investor seeks $2.5 billion dividend payout - Reuters 1 Min Read June 12 (Reuters) - Deep-sea oil driller Ensco Rowan’s investor Luminus Management LLC on Wednesday urged the company to declare a special dividend of $2.5 billion to its shareholders, sending its shares down 6.3%. Luminus, the investment advisor to funds and accounts that own 4.5% stake in Ensco Rowan, said it is disappointed by the stock’s performance both before, and since, the Ensco-Rowan merger. Luminus urged the company to launch a priority guaranteed bond offering to fund the dividend. Ensco Rowan’s shares fell to their lowest in more than 26 years on Wednesday. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shailesh Kuber) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Ensco Rowan investor seeks $2.5 billion dividend payout June 12 (Reuters) - Deep-sea oil driller Ensco Rowan’s investor Luminus M
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