Brief: Saga Tankers announces cash tender offer to acquire SD Standard Drilling

SD Standard Etc

17/06/2015 07:45

June 17 (Reuters) - SD Standard Drilling PLC   SDSD.OL : 
    * Mandatory cash offer from Saga Tankers ASA to acquire 100 pct of shares of S.D. Standard 
Drilling PLC 
    * Says announces a cash tender offer to acquire all issued and outstanding shares in SDSD 
not already owned by offeror or persons acting in concert with offeror 
    * Says offeror is offering a consideration of 1.35 Norwegian crowns per share payable in 
cash 
    * Says offer price values SDSD at a market capitalization of 353,700,000 crowns ($45.56 
million) 
 
     
Source text for Eikon:  ID:nObi23h5ca  
     
Further company coverage:  SDSD.OL  
 
($1 = 7.7628 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))