Subscription Period Ends in Transocean’s 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, March 21, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that the subscription period for Transocean Ltd.’s and Transocean Inc.’s (?Transocean”) compulsory acquisition of the remaining shares in Songa Offshore SE (?Songa Offshore”) expired at 6:59 p.m. EDT (11:59 p.m. CET) on March 20, 2018. In accordance with the terms and conditions of the compulsory acquisition, all remaining shares in Songa Offshore will be transferred to Transocean and the compulsory acquisition will start after the close of trading of Songa’s shares on the Oslo Stock Exchange today, March 21, 2018. Transocean expects to settle the compulsory acquisition with the delivery of Consideration Shares, Exchangeable Bonds and cash consideration, as applicable, to Songa Offshore shareholders on or about March 28, 2018. Transocean intends to pursue a delisting of the Songa Offshore shares from the Oslo Stock Exchange as soon as possible. About Transocean Transocean is
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- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/11/24 - Form 8-K
- RIG's page on the SEC website