Transocean Ltd. Completes Acquisition of Transocean Partners in an All-Equity Transaction
December 09 2016 - 9:41AM
ZUG, SWITZERLAND - December 9, 2016 - Transocean
Ltd. (NYSE: RIG) announced today the closing of the acquisition of
Transocean Partners.
Each outstanding public common unit of Transocean Partners was
converted into the right to receive 1.20 shares of Transocean Ltd.,
which issued approximately 23.8 million shares related to the
transaction. In connection with the closing, Transocean Partners'
common units were delisted from the New York Stock Exchange
effective today.
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 deepwater and harsh environment
drilling services, and believes that it operates one of the most
versatile offshore drilling fleets in the world.
Transocean owns or has partial ownership interests in, and operates
a fleet of, 56 mobile offshore drilling units consisting of 29
ultra-deepwater floaters, seven harsh-environment floaters, three
deepwater floaters, seven midwater floaters and 10
high-specification jackups. In addition, the company has five
ultra-deepwater drillships and five high-specification jackups
under construction or under contract to be constructed.
For more information about Transocean, please visit:
www.deepwater.com.
Analyst Contacts:
Bradley Alexander
+1 713-232-7515
Diane Vento
+1 713-232-8015
Media Contact:
Pam Easton
+1 713-232-7647
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Transocean Ltd via Globenewswire
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