2 stories mentioning VDI.OLUpdated 50m ago
Every FINWIRES story that references VDI.OL, newest first.
Vantage Drilling International's (VDI.OL) shareholders approved the proposed merger with a wholly owned subsidiary of Eldorado Drilling at a special general meeting on Thursday, according to a same-day release.Following the merger, Vantage Drilling will become a wholly owned subsidiary of Eldorado Drilling.The merger remains subject to certain conditions, the offshore drilling company noted.
Vantage Drilling International (VDI.OL) agreed to become a wholly owned subsidiary of Eldorado Drilling under a $257.6 million transaction.Directors of the listed offshore drilling company unanimously approved and recommended the deal, which will give shareholders $19 in cash per share, according to a May 29 release.As part of the transaction, Vantage Drilling will merge with the Bermuda-based unit of Eldorado Drilling, Eldorado Drilling Merger Sub. The company will be delisted from Euronext Growth Oslo after the merger.Completion of the statutory merger is expected at the start of the third quarter of 2026, subject to customary closing conditions. Shareholders of the target will consider the deal during a meeting scheduled for June 18.
