Eldorado Drilling to acquire Vantage Drilling in $257m deal

Offshore drilling contractor Vantage Drilling has entered into an agreement and plan of merger with Neil Hall-led Eldorado Drilling. Under the deal, Eldorado will acquire Vantage Drilling, which will continue operating as a wholly owned subsidiary of Eldorado. The surviving company’s name will remain Vantage Drilling International Ltd. Vantage shareholders to receive 19 per share
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