Transocean and Ocean Rig get nod for merger

GLOBAL offshore drilling companies Transocean and Ocean Rig have received the go-ahead from shareholders for a proposed merger at an extraordinary general meeting held this week.

Transocean and Ocean Rig get nod for merger Transocean and Ocean Rig get nod for merger Transocean and Ocean Rig get nod for merger Transocean and Ocean Rig get nod for merger Transocean and Ocean Rig get nod for merger

 

The deal is a cash and scrip deal valued at $2.7 billion, inclusive of Ocean Rig's net debt and follows Ocean Rig's major restructure in September 2017.