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Friday, March 18, 2011

TAKEOVERCHATTER-Jilted Seadrill could be ready to deal, (NYSE: PDE), (NYSE: SDRL), (NYSE: ESV), (RIGN), (NYSE: RIG)

After being jilted in its half-decade-long courtship of offshore oil driller Pride International Inc (PDE.N), Seadrill Ltd (SDRL.N) should not have any trouble finding a new partner. Seadrill was still trying to woo Pride when that company agreed in February to a $7.3 billion union with Ensco Plc (ESV.N), according to a recent filing by Ensco with U.S. regulators. A combined Ensco/Pride would have the second-largest fleet after Transocean Ltd (RIGN.VX)(RIG.N) and would also challenge Seadrill for the sector's number-two spot by market value.

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