Ensco to buy Atwood Oceanics
Offshore driller Ensco Plc (ESV) said it would buy smaller rival Atwood Oceanics Inc in an all-stock deal valued at about $839 million.
Atwood shareholders will receive 1.6 Ensco shares for each Atwood share.
The deal, which values each Atwood share at $10.72, represents a premium of 32.6 percent to the company's Friday close.
Reporting by Yashaswini Swamynathan
