Transocean Receives Approvals, Commences Compulsory Acquisition of Remaining Songa Offshore SE Shares
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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Source: GlobeNewswire
STEINHAUSEN, Switzerland, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that Transocean Ltd. along with Transocean Inc. (“Transocean”) received all required regulatory approvals and has commenced a compulsory acquisition of all 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. The subscription period in the compulsory acquisition commences on February 20, 2018, and expires at 6:59 p.m. EDT, 11:59 p.m. CET on March 20, 2018. Subject to restrictions under applicable securities laws, the prospectus will be available electronically on Clarksons Platou Securities’ website at: http://securities.clarksons.com and a notification will be sent to all Songa Offshore shareholders whose addresses are known. Transocean will pursue a delisting of the Songa Offshore shares from the Oslo Stock Exchange as soon as possible after
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