Transocean closed its acquisition of Ocean Rig UDW, creating a company with a fleet
of 57 floaters. Ocean Rig brings to Transocean nine high-spec ultra-deepwater drillships,
with two more under construction, and two harsh-environment semisubmersibles.
Shareholders from both sides overwhelmingly backed the $2.72 billion
transaction, with Ocean Rig receiving approval from 99.99% of voting shares
and Transocean getting 98.42%. Each share of Ocean Rig was converted into
1.6128 newly issued shares of Transocean
and $12.75 in cash. Ocean Rig shareholders
will own......
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