ADES Holding has announced revised terms for its proposed merger with Shelf Drilling, increasing the cash consideration by 28% to Nkr18.50 ($1.88) per share. This adjustment comes after discussions with Shelf Drilling's senior management and a review of market fundamentals. In a statement to Tadawul, ADES Holding announced that the revised offer has garnered binding commitments, including ADES' own share, which accounts for 53.4% of the votes in favour of the merger. This represents a substantial increa ...