Transocean Ltd. Shareholders Approve Acquisition of Songa Offshore SE
January 18 2018 - 2:48PM
Transocean Ltd. (NYSE:RIG) announced today that it concluded
its extraordinary meeting of shareholders (“EGM”) approving all of
the proposals related to the acquisition of Songa Offshore SE.
“We are extremely pleased that shareholders have overwhelmingly
approved our acquisition of Songa Offshore,” said Jeremy Thigpen,
President and CEO. “With this acquisition, we add to our
industry leading backlog, providing more visibility to future
earnings and cash flows. As importantly, we enhance our
industry leading harsh environment fleet in the midst of a
strengthening global harsh environment market.”
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 39 mobile offshore drilling units consisting of
26 ultra-deepwater floaters, seven harsh environment floaters, two
deepwater floaters and four midwater floaters. In addition,
Transocean has three ultra-deepwater drillships under construction
or under contract to be constructed. The company also operates two
high-specification jackups that were under drilling contracts when
the rigs were sold, and the company continues to operate these
jackups until completion or novation of the drilling contracts.
For more information about Transocean, please visit:
www.deepwater.com.
Forward-Looking Statements
Any statements in this release that are not historical facts may
be forward-looking statements that involve certain risks,
uncertainties and assumptions. All forward-looking statements
included in this release are based on information available to the
company as of the date of this communication and current
expectations, forecasts and assumptions. Forward-looking statements
involve risks and uncertainties which could cause actual results to
differ materially from those anticipated. These risks and
uncertainties include the final results of tabulating the votes
cast at the EGM, as well as the other risks and uncertainties
included in the company’s Definitive Proxy Statement with regard to
the EGM, which was filed with the U.S. Securities and Exchange
Commission (the “SEC”) on December 15, 2017, or in the company’s
most recent Form 10-K, Forms 10-Q and other filings with the SEC.
No forward-looking statements in this release should be relied upon
as representing the company’s views or expectations as of any
subsequent date, and the company does not undertake any obligation
to revise or update any such forward-looking statement to reflect
events or circumstances that may arise after the statement was
made.
Additional Information
This communication does not constitute an offer to buy or
exchange, or the solicitation of an offer to sell or exchange, any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of the U.S. Securities Act of
1933, as amended, and any applicable European and Norwegian
regulations. The transaction and distribution of this document may
be restricted by law in certain jurisdictions and persons into
whose possession any document or other information referred to
herein should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction. No offering of securities will be made directly or
indirectly, in or into any jurisdiction where to do so would be
inconsistent with the laws of such jurisdiction.
Analyst Contacts:Bradley
Alexander+1 713-232-7515
Diane Vento+1 713-232-8015
Media
Contact:Pam Easton+1
713-232-7647
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