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Transocean says Transocean Partners to pay $15 mln, if merger terminated

Monday, 1 Aug 2016 09:30am EDT

Transocean Ltd : If merger agreement is terminated, under certain circumstances, Transocean Partners to pay co termination fee of $15 million- SEC filing Source: (http://bit.ly/2atPbk9) Further company coverage: [RIGN.S] ((Bengaluru Newsroom; +91 80 6749 1130;)).

Transocean Ltd. agrees to acquire Transocean Partners

Monday, 1 Aug 2016 06:35am EDT

Transocean Ltd : Transocean partners common unitholders to receive 1.1427 shares of transocean per transocean partners unit in an all equity transaction . Following completion of transaction, transocean partners will be 100% owned by transocean ltd . Will have indirectly acquired 51% interests in the discoverer inspiration, the discoverer clear leader and the development driller iii . Transocean ltd. Agrees to acquire transocean partners llc . Transaction is expected to generally be non-taxable to transocean partners common unitholders . Transocean partners' minimum quarterly distribution of $0.3625 per unit for q3 of 2016 is expected to be paid in q4 of 2016 .Transocean has already committed to voting its approximately 21.3 million common units in favor of merger.

Songa Offshore completes share capital reduction

Monday, 6 Jun 2016 10:05am EDT

Songa Offshore Se : Reference is made to previous stock exchange announcements by Songa Offshore SE regarding the subsequent offering andlisting of up to 1,418,100,000 shares and the refinancingannounced on 15 March 2016. . The Company has sought to carry out a reduction in the nominal value of the Company's ordinary shares from EUR0.11 to EUR 0.001, by way of a reduction of share capital without distribution. . The nominal value and capital reduction have now been completed. . The subscription period for the Subsequent Offering commenced on 30 May 2016 and expires at 16:30 hours, Oslo time, on 13 June 2016. .The Subsequent Offering is managed by ABG Sundal Collier ASA and Swedbank..


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