All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Put options prove their worth in complex Seadrill sale

When shipping magnate John Fredriksen sold $1bn of stock in his oil rigs firm Seadrill at the beginning of March, he did so by offering a package of put options to give investors downside protection. The value of that structure was revealed this week, as he chose to take physical settlement on a portion of the deal following a declining stock price, writes Nick Jacob.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree