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Author: value_investor   |   Latest post: Wed, 1 Oct 11:47


Seadrill, SapuraKencana extend due diligence process

Author: value_investor   |   Publish date: Tue, 22 Jan 11:47   |  >> Read article in Blog website

Norway's Seadrill and SapuraKencana have extended the validity period for the non-binding agreement to integrate Seadrill's tenders rig business into SapuraKencana. The extension of the validity period from 21 Jan 2013 to 8 Feb 2013 is to finalise the due diligence and negotiations for the terms of the sale agreement and related transaction agreement. The deal was announced on 5 Nov last year. (Bernama)

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