Shelf Drilling (SHLLF) has released an update.
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Shelf Drilling, Ltd. is set to acquire Shelf Drilling (North Sea), Ltd., aiming to streamline its operations and solidify its position as a leading global jack-up operator. The merger will result in a simplified capital structure, increased trading liquidity, and improved access to capital markets for shareholders. Upon completion, existing Shelf Drilling shareholders will own approximately 84% of the company, while the former Shelf Drilling North Sea shareholders will own about 16%.
For further insights into SHLLF stock, check out TipRanks’ Stock Analysis page.
