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Shelf Drilling ( (SHLLF) ) has provided an update.
Shelf Drilling has completed its merger with ADES International Holding, resulting in ADES wholly owning Shelf Drilling. As part of the merger, Shelf Drilling will be delisted from the Oslo Stock Exchange, and shareholders will receive a cash consideration of NOK 18.50 per share. Additionally, Shelf Drilling has exercised call options to redeem outstanding bonds, ensuring financial obligations are settled as part of the merger completion process.
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. Founded in 2012, the company is known for its fit-for-purpose strategy and strong client relationships. It is incorporated in the Cayman Islands and headquartered in Dubai, UAE, and was listed on the Oslo Stock Exchange under the ticker ‘SHLF’.
Average Trading Volume: 646,523
Current Market Cap: NOK4.75B
For an in-depth examination of SHLLF stock, go to TipRanks’ Overview page.