LONDON, Nov. 20, 2018 /PRNewswire/ — Rowan Companies plc (NYSE: RDC) (“Rowanâ€) and Ensco plc (NYSE: ESV) (“Enscoâ€) jointly announced today that they have received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Actâ€), with respect to the proposed combination previously announced on October 8, 2018 pursuant to which Rowan and Ensco will combine.
Accordingly, the closing condition with respect to the expiration or termination of the waiting period under the HSR Act has been satisfied. Completion of the transaction remains subject to satisfaction or waiver of certain other conditions, including approval by the shareholders of both Rowan and Ensco along with other regulatory and court approvals.
As we previously reported on Ensco buying Rowan for 2.3 Billion, creating a massive fleet of offshore units, 82 to be exact. Stockholders are still scheduled to have a meeting this month to close the deal.
Photo used under the Creative CommonsAttribution-Share Alike 3.0 Unported license. Author: CellsDeDells
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