Seadrill Limited Announces Agreement To Acquire Aquadrill Llc In All-Stock Transaction
Acquiring Company
Seadrill Ltd
Acquired Company
Aquadrill
Bermuda
United KingdomEnergyOil And GasEnergyOil And GasDescription
Seadrill Limited (NYSE: SDRL) (OSE: SDRL) ("Seadrill") and Aquadrill LLC ("Aquadrill"; and together with Seadrill, the "Company") today announced that they have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company. The transaction values Aquadrill at an implied equity value of approximately US$958 million, based on Seadrill's 30-day volume-weighted average share price on the NYSE of US$31.25 as of 22 December 2022.
Quick answer
Seadrill Ltd is acquiring Aquadrill, announced December 23, 2022. Seadrill Ltd is based in Bermuda.
- How much did Seadrill Ltd pay for Aquadrill?
- The deal value was not disclosed.
- What does Seadrill Ltd do?
- Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe.
- Where are Seadrill Ltd and Aquadrill based?
- Seadrill Ltd is based in Bermuda. Aquadrill is based in United Kingdom.
- Who are the decision-makers at Seadrill Ltd?
- Fundz holds 1 contact at Seadrill Ltd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Aquadrill?
Aquadrill was acquired by Seadrill Ltd, based in Bermuda. The deal was reported on December 23, 2022. Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill Ltd is publicly traded (SDRL) and operates in Energy.
When did Seadrill Ltd acquire Aquadrill?
Seadrill Ltd's acquisition of Aquadrill was reported on December 23, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Aquadrill do?
Aquadrill is a limited liability company that owns eight offshore drilling units. Aquadrill's fleet consists of four ultra-deepwater drillships, one ultra-deepwater harsh environment semi-submersible and three tender assist drilling units. It is privately held, operating in Energy, and is based in United Kingdom.
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