Seadrill Announces Voluntary Delisting From Oslo Stock Exchange, Will Maintain A Single Listing On The New York Stock Exchange, Consistent With Efforts To Simplify Its Business.
Portfolio Pulse from Benzinga Newsdesk
Seadrill Limited (NYSE: SDRL) has announced its voluntary delisting from the Oslo Stock Exchange, effective September 10, 2024, to simplify its business operations. The company will maintain a single listing on the New York Stock Exchange.
June 07, 2024 | 11:25 pm
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Seadrill Limited will delist from the Oslo Stock Exchange on September 10, 2024, and will maintain a single listing on the New York Stock Exchange. This move is part of the company's efforts to simplify its business operations.
The delisting from the Oslo Stock Exchange and maintaining a single listing on the NYSE is likely to streamline Seadrill's operations and reduce administrative costs. This simplification could be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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