Brief: Saga Tankers: mandatory offer obligation for remaining shares in S.D Standard Drilling

SD Standard Etc

20/05/2015 14:56

May 20 (Reuters) - Saga Tankers ASA  SAGT.OL : 
    * Has purchased 78,338,000 shares in S.D Standard Drilling Plc (SDSD) at a price of 1.35 
Norwegian crowns per share corresponding to a total purchase price of 105,756,300 crowns ($14.02 
million) 
    * Acquisition thereby implies that Saga Tankers ASA triggers a mandatory offer obligation 
for purchase of remaining shares in SDSD 
 
     
Source text for Eikon:  ID:nHUG4qHR8H  
     
Further company coverage:  SAGT.OL   SDSD.OL  
 
($1 = 7.5448 Norwegian crowns) 
 
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