Significant developments happened today to two deals followed closely on TheDeal.com.
Norwegian driller SeaDrill Ltd.’s $2.3 billion bid for rival Smedvig ASA gained approval from the target’s board today, further overshadowing Sugar Land, Texas-based driller Noble Corp.’s December move to take 29% stake in the company.
In other European deal news, what will be the largest buyout in European history if it closes, is back on track after a major shareholder in the acquirer threatened to block it.
Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.