Ensco to Acquire Pride International, Granted Early Termination of Waiting Period
Monday, April 04, 2011
Ensco, PLC and Pride International, Inc. jointly announced that they have received notice from the U.S. Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act, with respect to the proposed merger previously announced on February 7, in which Ensco will acquire Pride in a cash and stock transaction. Completion of the merger remains subject to approval by the shareholders of both companies, among other conditions.
Category: Gulf of Mexico
Hart-Scott-Rodino Antitrust Improvements Act