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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

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. The two companies entered into the merger...

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