Ensco plc has completed its acquisition of Atwood Oceanics Inc. The deal results in a combined company with a fleet of 63 rigs, comprising ultra-deepwater drill ships, deep- and mid-water semisubmersibles and shallow-water jack-ups.
Under the terms of the merger agreement, Atwood shareholders are entitled to receive 1.6 Ensco Class A ordinary shares for each share of Atwood common stock they own. Ensco and Atwood shareholders will own approximately 69 percent and 31 percent, respectively, of the outstanding shares of the combined company.
For more information, visit www. enscoplc.com or call (713) 789-1400.