Eldorado to Take Vantage Drilling Private at $19 After Insider Repurchase

A planned Oslo trading suspension will help settle cash payments as the deal remains subject to customary closing conditions.

Overview

Vantage completed a repurchase and cancellation of 319,037 shares that were bought from primary insiders and management for US$19.00 per share.
Under the merger plan a wholly owned subsidiary of Eldorado Drilling AS will merge into Vantage, leaving Vantage as a wholly owned Eldorado subsidiary with shareholders paid US$19.00 per share on closing.
The company said all conditions to completion are expected to be satisfied as of 1:00 PM ET on 26 June 2026, subject to continued satisfaction of customary closing conditions.
To facilitate orderly cash settlement Vantage will request the Oslo Stock Exchange suspend trading in its shares effective 29 June 2026, a routine step ahead of payment and transfer of ownership.
Vantage updated its issued share capital to 13,240,034 shares after the cancellation and said the insider repurchase was a pre‑closing cleanup move to simplify settlement for the planned take‑private transaction.