Seadrill Jumps as Debt Talks Progress and Dibowitz Named CEO
- CCO Anton Dibowitz to succeed Per Wullf as CEO in July
- New refinancing proposal on table, but dilution risk repeated
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Seadrill Ltd. jumped as much as 26 percent as the offshore driller controlled by John Fredriksen said it’s getting closer to a solution to restructure the industry’s heaviest debt load and that it’s promoting a company insider to chief executive officer.
Seadrill rose the most since April 11 and was up 19 percent at 5.60 kroner a share as of 1:44 p.m. in Oslo. About 4.9 million shares have traded so far, more than 93 percent above the daily average over the past three months.