Akin Advises Aquadrill in Merger with Seadrill
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(Houston) – Akin advised Aquadrill in its all-stock merger with Seadrill, a leading offshore drilling contractor. This transaction created an industry-leading offshore drilling company, with a modern and high specification fleet and a streamlined cost structure.
The transaction, previously announced in December 2022, is an all-stock transaction that valued Aquadrill at approximately $958 million.
More details on the transaction can be found here.
The Akin team was led by corporate partners David Elder, Patrick Hurley and David Sweeney, and counsel Leana Garipova, and included associates Michael Daus, Marissa Etter and Madeline Sullivan; tax partners Alison Chen and Olivier de Moor, counsel Mohammed Natha and Aaron Vera; executive compensation & employee benefits partner Rolf Zaiss and associate Brendan Chisholm; antitrust partner Davina Garrod, counsel Victoria Yuan, senior counsel Haidee Schwartz and associate Mitchell E. Khader.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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