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Rowan shareholder Steel Partners has 9.5% ownership interest following share purchase
By Lisa Kerner
Charlotte, N.C., Jan. 5 - Rowan Cos., Inc. investors led by Steel Partners II, LP bought 700,000 shares of the company's stock on Dec. 23 for $14.627 each, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.
In a prior SEC filing, the investor reported the purchase of 1.5 million shares of Rowan on Dec. 19 and Dec. 22.
Steel Partners beneficially owns 10,693,717 shares, or 9.5%, of the Houston-based company. The total includes 2.5 million shares underlying call options.
Rowan provides contract drilling services.
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