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Shelf Drilling ( (SHLLF) ) just unveiled an announcement.
Shelf Drilling has announced the completion of a merger that results in ADES International Holding, Ltd. being the sole shareholder, leading to the cessation of share rights for other shareholders and primary insiders. This merger also settles all outstanding share options and restricted stock units, indicating a significant restructuring of the company’s shareholder base and potentially impacting its market operations.
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 an international shallow water offshore drilling contractor with operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Established in 2012, the company is known for its fit-for-purpose strategy and strong client relationships. It is headquartered in Dubai, UAE, and listed on the Oslo Stock Exchange.
Average Trading Volume: 637,942
Current Market Cap: NOK4.74B
See more insights into SHLLF stock on TipRanks’ Stock Analysis page.