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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 57,069
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Interesting. TODDI (Transocean) and GSF (Global Santa Fe) are both our customers, but I hadn't heard anything. But then I'm just a grunt and probably wouldn't.
http://caller.com/news/2007/nov/28/transocean-globalsantafe-complete-merger/
Quote:
HOUSTON -- Transocean Inc., the world's largest offshore drilling contractor, got even bigger Tuesday as it closed its multibillion-dollar merger with smaller competitor GlobalSantaFe Corp., creating a company able to drill globally from shallow to ultra-deep waters.
The deal, announced by the Houston-based companies in July, includes a $15 billion cash payout to shareholders of both companies.
The value of the new company is about $60 billion, including debt. It retains the Transocean name and trades on the New York Stock Exchange under Transocean's symbol "RIG."
Transocean shares rose $5, or about 3.8 percent, to $134.39 in trading Tuesday.
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__________________
Steve
'08 Boxster RS60 Spyder #0099/1960
- never named a car before, but this is Charlotte.
'88 targa  SOLD 2004 - gone but not forgotten
Last edited by masraum; 11-29-2007 at 08:26 AM..
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