Akin Gump Advises Aquadrill in Merger with Seadrill

December 23, 2022

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Scott Wasserman

Senior Media Relations Manager

(Houston) – Akin Gump advised Aquadrill in its $958 million all-stock merger with Seadrill, a leading offshore drilling contractor.

The transaction values Aquadrill at an implied equity value of approximately US $958 million.

The combination creates an industry-leading offshore drilling company, with a modern and high specification fleet and a streamlined cost structure.

To learn more, click here.

The deal team was led by corporate partners David Elder, Patrick Hurley and David Sweeney of Akin Gump and Gregory L. Phillips of Phillips Kaiser PLLC as part of a team that included corporate counsel Leana Garipova and associates Michael Daus, Marissa Etter and Madeline Sullivan; tax partners Alison Chen and Olivier de Moor, counsel Mohammed Natha and associates Brendan Chisholm and Aaron Vera; employee benefits partner Rolf Zaiss; antitrust partner Haidee Schwartz and Craig Kaiser, Carol Dubose, Susan Garcia and Ashlee Boswell from Phillips Kaiser PLLC.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

# # #

Share This Insight

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.