October 16, 2017 / 9:47 PM / a year ago

Elliott urges Ocean Rig to review opportunities including strategic deals

Oct 16 (Reuters) - Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review "opportunities" including possible strategic deals.

Elliott disclosed a 20.4 stake in the company earlier this month after it completed restructuring in September.

Ocean Rig filed for Chapter 15 bankruptcy protection in a U.S. court in March, hit by cancellations as major oil producing customers withdrew from deep water projects amid falling oil prices. (Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)

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