Borr Drilling Ltd. today announced that it has launched the initial public offering in the United States of 5,000,000 of its common shares. Borr Drilling will also grant the underwriters of the Offering a 30-day option to purchase up to an additional 750,000 common shares at the initial public offering price, less underwriting discounts and commissions. The Company expects the initial public offering price will be [...]
Borr Drilling and Paragon Offshore announced today that Borr’s previously announced tender offer to purchase all of the outstanding shares of Paragon has expired. The Offer was made pursuant to the Tender Offer Agreement, dated as of 21 February 2018, by and between Paragon and Borr. Computershare Trust Company, N.A., the depositary for the Offer has advised Borr that as of 6:00 PM Eastern time on Tuesday, 27 March [...]
Borr Drilling and Paragon Offshore announced today that Borr is extending its previously announced tender offer to purchase all of the outstanding shares of the company. The Offer is being made pursuant to the Tender Offer Agreement, dated as of 21 February 2018, by and between Paragon and Borr. The Offer is now scheduled to expire at 6:00 PM Eastern time on Tuesday 27 March 2018, unless further extended or terminated [...]
Borr Drilling today announced the commencement of its tender offer to purchase all of the outstanding shares of Paragon Offshore Limited at a purchase price of $42.28 per Share. The Offer will remain open for 20 business days. The Offer Period is expected to expire at 12:01 A.M. Eastern time on March 24, 2018, unless extended. The transaction is expected to close on March 27, 2018, subject to the satisfaction of the offer [...]
Paragon Offshore announced that it has signed a Tender Offer Agreement with Borr Drilling pursuant to which, on the terms and subject to the conditions thereof, Borr has agreed to commence a tender offer to acquire all of the outstanding shares of the company at a purchase price of $42.28 per Share. Borr is expected to commence the Offer on February 26, 2018 and the Offer will remain open for 20 business days (the “Offer [...]
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