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S.D. Standard Drilling PLC ( (DE:S1P) ) has provided an update.
S.D. Standard Drilling PLC’s board has unanimously recommended that shareholders reject the mandatory offer from Saga Pure ASA to acquire all outstanding shares at NOK 1.90 per share. The board’s decision is based on an independent valuation indicating the shares are undervalued, with a net asset value per share of NOK 2.24. The board advises shareholders to consider their investment outlook and risk appetite before making a decision.
More about S.D. Standard Drilling PLC
S.D. Standard Drilling PLC operates in the drilling industry, focusing on investments in offshore drilling and related services. The company is known for its strategic investments and divestments in the drilling sector, aiming to optimize shareholder value.
YTD Price Performance: 17.16%
Technical Sentiment Signal: Sell
Current Market Cap: €81.97M
For a thorough assessment of S1P stock, go to TipRanks’ Stock Analysis page.