UPDATE 1-Investor calls on Ensco Rowan to sell debt to fund $2.5 bln dividend
Ensco Rowan’s investor Luminus
Management on Wednesday urged the deep-sea oil driller to sell
guaranteed bonds to fund a special dividend of $2.5 billion,
sending the company’s shares down nearly 7% to their lowest in
more than two decades.
Management on Wednesday urged the deep-sea oil driller to sell
guaranteed bonds to fund a special dividend of $2.5 billion,
sending the company’s shares down nearly 7% to their lowest in
more than two decades.
Posted by Reuters
