Seadrill on the brink of Asia Offshore Drilling takeover

 

Singapore: Mermaid Maritime has announced that Seadrill Ltd has bought an additional 12.2 million shares in Asia Offshore Drilling Ltd, bringing its stake to 64.23 percent. 
 
This brings the Seadrill holding to the point it is mandatory for them to make a cash offer for the remaining shares. [29/10/12]
 

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