Logo ofADES Holding Co.
ADES International Holding, Ltd., a subsidiary of ADES Holding Co. signed an agreement and to acquire all issued and outstanding shares of Shelf Drilling, Ltd. through a cash merger, according to a statement to Tadawul. 
For more news and details on MAs
This will take place under the laws of the Cayman Islands between ADES International Cayman (“BidCo”), a wholly owned subsidiary of ADES, and the Shelf Drilling.
At completion, all Shelf Drilling shares will be cancelled for a consideration in cash of NOK 14.00 per share to the Shelf Drilling shareholders pursuant to a plan of merger entered into between Shelf Drilling, ADES and BidCo.
Logo ofADES Holding Co.
ADES International Holding, Ltd., a subsidiary of ADES Holding Co. signed an agreement and to acquire all issued and outstanding shares of Shelf Drilling, Ltd. through a cash merger, according to a statement to Tadawul.
For more news and details on MAs
This will take place under the laws of the Cayman Islands between ADES International Cayman (“BidCo”), a wholly owned subsidiary of ADES, and the Shelf Drilling.
At completion, all Shelf Drilling shares will be cancelled for a consideration in cash of NOK 14.00 per share to the Shelf Drilling shareholders pursuant to a plan of merger entered into between Shelf Drilling, ADES and BidCo.
