Press Release

Kirkland Counsels Rowan on Combination with Ensco

Kirkland & Ellis LLP advised Rowan Companies plc (NYSE: RDC) in its $12 billion combination with Ensco plc (NYSE: ESV) in an all-stock transaction. The definitive transaction agreement was unanimously approved by each company’s board of directors.  Under the terms of the transaction agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Upon closing, Ensco and Rowan shareholders will own approximately 60.5 percent and 39.5 percent, respectively, of the outstanding shares of the combined entity.

Read the company release.

The Kirkland team was led by corporate partners Sean Wheeler, Doug Bacon, Ryan Gorsche, David Higgins, David Holdsworth and Dipak Bhundia and included corporate associates Camille Walker, Adam Garmezy, Levi Stoneking and Tyler Dunphy; executive compensation partner Scott Price and associates Laura Gallo and Frances Tompson; and tax partners David Wheat, Lane Morgan and Mike Carew.