UPDATE 3-Offshore driller Ensco to buy rival Rowan in $2.38 bln deal
October 08, 2018 at 11:57 AM EDT
Deep-sea oil driller Ensco Plc said on Monday it would buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, to take advantage of a nascent recovery in the sector fueled by strengthening oil prices.
