# Ensco and Rowan to merge in all-stock transaction

Ensco plc and Rowan Companies plc entered into a definitive agreement to merge in an all-stock transaction. Rowan shareholders will receive 2.215 Ensco shares per Rowan share, with Ensco shareholders owning approximately 60.5% of the combined entity.

- Type: Acquisition
- Announced: 2018-10-08
- Where: United Kingdom
- Value: $12.0B
- Status: announced
- Capacity: 82 offshore rigs
- Products: offshore drilling rigs

## Companies

- [Rowan Companies](https://endata.com/companies/18568.md) (target)
- [Ensco plc](https://endata.com/companies/34789.md) (acquirer)
- [Rowan](https://endata.com/companies/34895.md) (target)

## Sources

- [offshore-mag.com](https://www.offshore-mag.com/business-briefs/company-news/article/16803697/ensco-rowan-to-merge), 2018-10-08: "Ensco plc and Rowan Companies plc have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction."
- [energynetwork.business.blog](https://energynetwork.business.blog/2018/10/15/ensco-and-rowan-merger-to-create-worlds-biggest-offshore-drilling-company-by-fleet-size/), 2018-10-15: "We are excited to reach an agreement to combine our well-respected organizations, enabling both Rowan and Ensco shareholders to participate in the substantial value creation opportunities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.