Tag Archives: bankruptcy

Seadrill Bankrupt By February? Confidential Slide Deck Shows They May Take The Plunge…

A restructuring press release from Seadrill on Tuesday sent shares tumbling 29%. The press release said achieving viable restructuring would involve “significant dilution to current shareholders” and noted that the company needs a $1bn lifeline. In this context, down shares 29% is about right. But significant dilution to shareholders in a restructuring …

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