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Shelf Drilling ( (SHLLF) ) has provided an announcement.
Shelf Drilling announced the approval of a cash merger with ADES International Holding, Ltd. during an extraordinary general meeting, where 99.6% of votes were in favor. The merger, which is expected to be completed by the end of 2025, is subject to customary closing conditions and aims to bolster Shelf Drilling’s market position and operational capabilities.
The most recent analyst rating on (SHLLF) stock is a Hold with a NOK14.00 price target. To see the full list of analyst forecasts on Shelf Drilling stock, see the SHLLF Stock Forecast page.
More about Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling contractor with operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Founded in 2012, the company has established itself as an industry leader through a fit-for-purpose strategy and strong client relationships. It is incorporated in the Cayman Islands with headquarters in Dubai and is listed on the Oslo Stock Exchange under the ticker ‘SHLF’.
YTD Price Performance: 95.22%
Average Trading Volume: 2,138,330
Current Market Cap: NOK4.73B
For a thorough assessment of SHLLF stock, go to TipRanks’ Stock Analysis page.