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Ensco to buy Atwood Oceanics in $839 mln deal

May 30 Offshore driller Ensco Plc said it would buy smaller rival Atwood Oceanics Inc in an all-stock deal valued at about $839 million.

Atwood shareholders will receive 1.6 Ensco shares for each Atwood share.

The deal, which values each Atwood share at $10.72, represents a premium of 32.6 percent to the company's Friday close. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Maju Samuel)

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