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Stock impact report

Transocean Initiates Compulsory Acquisition of Remaining Songa Offshore SE Shares

Transocean Ltd (Switzerland) (RIG) 
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
Company Research Source: GlobeNewswire
STEINHAUSEN, Switzerland, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that  Transocean Ltd. along with Transocean Inc. (?Transocean”) have initiated a compulsory acquisition of all remaining shares in Songa Offshore SE (?Songa Offshore”) that are not already owned by Transocean. Transocean expects to complete the compulsory acquisition by the end of the first quarter of 2018.   Pursuant to Cyprus law, Transocean applied on February 6, 2018, to the Cyprus Securities and Exchange Commission (?CySEC”) to carry out the compulsory acquisition. As of January 30, 2018, through its voluntary offer, Transocean owned 187,390,391 Songa Offshore shares, representing approximately 97.67% of Songa Offshore’s total shares on a fully diluted basis, and closed its acquisition of Songa Offshore. Subject to the CySEC granting its application, Transocean will send a notification to all former Songa Offshore shareholders whose addresses are known and whose shares will Show less Read more
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