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The latest update is out from S.D. Standard Drilling PLC ( (DE:S1P) ).
Saga Pure ASA has made a mandatory offer to acquire all outstanding shares of S.D. Standard ETC Plc, as required by Cypriot Take-Over-Bid Law, after exceeding a 30% holding in the company. The offer, priced at NOK 1.90 per share, resulted in Saga Pure and Ferncliff Listed DAI AS collectively holding approximately 88.2% of the company’s shares, potentially impacting the company’s control and market dynamics.
More about S.D. Standard Drilling PLC
YTD Price Performance: 9.70%
Technical Sentiment Signal: Strong Sell
Current Market Cap: €82.9M
See more insights into S1P stock on TipRanks’ Stock Analysis page.