Shareholders approve Ensco, Rowan merger

Both Rowan Companies plc and Ensco plc shareholders have voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.

Offshore staff

LONDON – Both Rowan Companies plc and Ensco plc shareholders have voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.

The results of the Rowan Court and General Meetings held on Feb. 21 reflect that about 91.5% of the shares voted at the meetings were voted in favor of the pending transaction. At yesterday’s Ensco General Meeting, about 99.3% of the shares voted at the meeting were voted in favor of the pending combination.

Completion of the transaction, which is expected in the first half of 2019, remains subject to satisfaction or waiver of certain other conditions.

02/22/2019

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