SeaDrill rises as it closes Aquadrill deal and discloses Elliott Management stake
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Dow Jones
SeaDrill Ltd. (SDRL) stock is up 2.2% in premarket trades after it closed its acquisition of Aquadrill, which was backed by activist shareholder Elliott Management. As part of the deal, Elliott Management received about 9.3% of SeaDrill's stock, according to filings. SeaDrill announced the all-stock deal with a value of $958 million on Dec. 22.
-Steve Gelsi
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04-05-23 0923ET
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