
Vantage Drilling shareholders vote 18 June on Eldorado Drilling AS acquisition. Merger would make Vantage a wholly owned subsidiary.
Vantage Drilling International Ltd. has called a Special General Meeting for 18 June 2026 to vote on the company's acquisition by Eldorado Drilling AS. The meeting will be held at 11 am Atlantic Time in Hamilton, Bermuda. Shareholders will decide on the merger agreement announced on 29 May 2026, under which Eldorado Drilling Merger Sub Limited will merge into Vantage Drilling, leaving the company as a wholly owned subsidiary of Eldorado Drilling AS.
This vote is the final shareholder-level gate before the deal closes. The merger agreement was signed on 29 May, and the special meeting notice confirms the timeline is moving as planned. For Vantage Drilling, an offshore drilling contractor operating drilling units on a dayrate basis for major, national, and independent oil and gas companies, the acquisition by Eldorado Drilling AS represents a structural change in ownership. The company also markets and manages drilling units owned by others, so the deal could shift how those management contracts are handled post-merger.
Vantage Drilling International Ltd. is a Bermuda exempted company headquartered in Dubai. Its primary business is contracting drilling units, related equipment, and work crews globally. The company's fleet and dayrate contracts are the core assets being acquired. The merger structure – a subsidiary of Eldorado Drilling AS merging into Vantage – means Vantage will survive as the legal entity but become a wholly owned subsidiary. Shareholders should review the attached information statement and proxy forms, which detail the terms and conditions of the merger.
The special general meeting on 18 June is the next concrete catalyst. If shareholders approve the merger, the deal will proceed to regulatory and closing conditions. If the vote fails, the acquisition collapses, and Vantage Drilling remains an independent contractor. The outcome will determine whether the company's fleet and contracts move under Eldorado Drilling's control or stay in the current structure. For those tracking offshore drilling M&A, this vote is the near-term event to watch.
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