Deal Snapshot: Seadrill Closes Offer for Scorpion, Owns 98.8%

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MANAVIGATOR-July 20, 2010-Deal snapshot: SEADRILL CLOSES OFFER FOR SCORPION, OWNS 98.8% (C)2010 M2 COMMUNICATIONS http:// www.m2.com

Oslo-listed offshore drilling contractor Seadrill (OSL:SDRL) said its mandatory offer of NOK40.50 (USD6.4/EUR5) per share for Scorpion (OSL:SCORE) was accepted by shareholders owning 48.7% in the company, giving it a total ownership of 98.8%.

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Deal Snapshot: Seadrill Closes Offer for Scorpion, Owns 98.8%

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