Ensco plc has agreed to a $7.3 billion merger with Pride International Inc. in a deal that will create the second largest offshore driller in the world. Also, medical equipment maker Danaher will acquire biomedical testing company Beckman Coulter Inc. for $6.8 billion.
February 10, 2011 at 12:00 AM
1 minute read
Ensco plc has agreed to a $7.3 billion merger with Pride International Inc. in a deal that will create the second largest offshore driller in the world.
Pride stockholders will receive 0.4778 shares of Ensco plus $15.60 in cash for each share of Pride stock, for a total value of $41.60 per share. This represents a 21 percent premium to Houston, Texas-based Pride’s closing price on Feb. 4, 2011.
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