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Saga Pure ASA’s Mandatory Offer for S.D. Standard ETC Plc Shares

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Saga Pure ASA’s Mandatory Offer for S.D. Standard ETC Plc Shares

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S.D. Standard Drilling PLC ( (DE:S1P) ) has provided an update.

Saga Pure ASA has initiated a mandatory offer to acquire all remaining shares of S.D. Standard ETC Plc at a price of NOK 1.90 per share. Hanekamb Invest AS, controlled by the company’s chairman, has accepted the offer for its shares, indicating a consolidation of ownership and potential strategic shifts within the company.

More about S.D. Standard Drilling PLC

YTD Price Performance: 12.31%

Technical Sentiment Signal: Strong Sell

Current Market Cap: €82.72M

See more data about S1P stock on TipRanks’ Stock Analysis page.

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