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Transocean Completes Acquisition of Remaining Songa Offshore Shares

Transocean (RIG)  More Company Research Source: GlobeNewswire
Last transocean earnings: 10/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
PDF STEINHAUSEN, Switzerland, March 30, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that it completed the previously announced compulsory acquisition of the remaining outstanding shares of Songa Offshore SE. All remaining shares in Songa Offshore were transferred to Transocean in accordance with the terms and conditions of the compulsory acquisition. Transocean then settled the compulsory acquisition by delivering Consideration Shares, Exchangeable Bonds and cash consideration, as applicable, to Songa Offshore shareholders. Songa Offshore’s shares remained listed on the Oslo Stock Exchange through March 28, 2018. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and believes that it operates one of the mos [Read more]

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