OSLO (Bloomberg) — Bermuda-based Seadrill Ltd., an oil-rig company, raised 909 million kroner ($152 million) selling shares to help finance a higher, mandatory offer to buy the rest of Eastern Drilling ASA.Seadrill, which already owns 53 percent of the smaller competitor, said it sold 9 million new shares at 101 kroner per share, in a statement to the Oslo Stock exchange yesterday.

The company set up in 2005 by a Norwegian-born shipping billionaire John Fredriksen claims regulators wrongly demanded a new, higher bid. Seadrill will dispute that in court and seek “full financial compensation,” it said yesterday in a statement, without specifying an amount.

Sale proceeds also will fund “further possible investments in deepwater or tender rig assets,” said Seadrill, run from Stavanger, Norway. “This can include new builds or acquisitions,” Seadrill spokesman Jim Daatland said in a phone interview, without elaborating.