Transocean Ltd. Shareholders Approve Acquisition of Ocean Rig UDW Inc.

Source: www.gulfoilandgas.com 11/29/2018, Location: North America

Transocean Ltd. announced today that its shareholders approved the acquisition of Ocean Rig UDW Inc. (Ocean Rig), by approving the proposals presented at Transocean’s Extraordinary General Meeting.

“We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig,” said Jeremy Thigpen, President and CEO.

“Through this combination, Transocean further enhances our industry-leading fleet of high specification floaters, thus improving our competitive position.

We are excited to begin actively marketing these assets into the growing list of opportunities we continue to see emerging across our global customer base.” Thigpen concluded, “We look forward to closing the transaction in the coming days and welcoming Ocean Rig’s experienced crews into the company.”


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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