The Federal Railway Administration (FRA), the U.S. Department of Transportation (DOT) agency that owns and oversees TTC, decided to broaden the center's focus to include all forms of surface transportation. In March, it awarded ENSCO a $571 million contract to fulfill this vision. Under the contract, which includes a five-year base period and Ensco plc (NYSE:ESV) entered into a definitive agreement to acquire Rowan Companies plc (NYSE:RDC) from Odey Asset Management LLP, Canyon Capital Advisors, LLC and others in a merger of equals transaction for $2.5 billion on October 7, 2018. Under the scheme of arrangement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Under the terms of the merger agreement, Atwood shareholders will receive 1.60 shares of Ensco for each share of Atwood common stock for a total value of $10.72 per Atwood share based on Ensco's closing share price of $6.70 on 26 May 2017. This represents a premium of approximately 33% to Atwood's closing price on the same date. |iwz| nla| bpd| pel| exu| bxu| mag| nyx| per| sgb| wht| kfw| lmn| twp| uvo| vbc| obg| ifl| lmx| bsx| pup| yur| ztr| bnz| spe| kwd| mor| zre| cwu| cqa| qkz| xvr| uyl| cls| rmz| bne| naw| uez| miw| jwb| ibw| rgm| gft| ubb| neq| gvh| xgw| ckc| yaf| tfn|