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SeaDrill rises as it closes Aquadrill deal and discloses Elliott Management stake - Stock Market Latest

SeaDrill Ltd.
SDRL,
+1.23%

stock is up 2.2% in premarket trades after it closed its acquisition of Aquadrill, which was backed by activist shareholder Elliott Management. As part of the deal, Elliott Management received about 9.3% of SeaDrill’s stock, according to filings. SeaDrill announced the all-stock deal with a value of $958 million on Dec. 22.

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