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Transocean Ltd (RIG.N)

RIG.N on New York Stock Exchange

11.60USD
19 Jan 2018
Change (% chg)

$0.28 (+2.47%)
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Latest Key Developments (Source: Significant Developments)

Transocean Shareholders Approve Acquisition Of Songa Offshore SE
Thursday, 18 Jan 2018 02:48pm EST 

Jan 18 (Reuters) - Transocean Ltd ::TRANSOCEAN LTD. SHAREHOLDERS APPROVE ACQUISITION OF SONGA OFFSHORE SE.TRANSOCEAN LTD - CONCLUDED EXTRAORDINARY MEETING OF SHAREHOLDERS APPROVING ALL OF PROPOSALS RELATED TO ACQUISITION OF SONGA OFFSHORE SE.  Full Article

‍Transocean commences Songa offer
Thursday, 21 Dec 2017 02:27am EST 

Dec 21 (Reuters) - Songa Offshore Se ::‍TRANSOCEAN COMMENCES VOLUNTARY EXCHANGE OFFER TO ACQUIRE ALL SHARES. OFFER DOCUMENT AND PROSPECTUS APPROVED​.  Full Article

Transocean Says On Dec 15, Tinc Entered Into Private Exchange Agreements To Issue About $273.5 Mln 0.5% Exchangeable Senior Bonds Due 2023
Wednesday, 20 Dec 2017 05:05pm EST 

Dec 20 (Reuters) - Transocean Ltd ::TRANSOCEAN LTD - ON DEC 15, TINC ENTERED INTO PRIVATE EXCHANGE AGREEMENTS TO ISSUE ABOUT $273.5 MILLION 0.5% EXCHANGEABLE SENIOR BONDS DUE 2023.TRANSOCEAN LTD - TINC TO PURCHASE ABOUT NOK 1.206 BILLION OF SONGA OFFSHORE'S OUTSTANDING SONG04 BONDS FROM 3 BONDHOLDERS AT 103.5% PER BOND.TRANSOCEAN - TINC TO PURCHASE ABOUT NOK 587.0 MILLION OF SONGA OFFSHORE'S OUTSTANDING SONG05 BONDS FROM 2 BONDHOLDERS AT 101% PER BOND.  Full Article

Transocean Ltd. reports third quarter 2017 results
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - Transocean Ltd :Transocean Ltd. reports third quarter 2017 results.Q3 revenue $808 million versus $751 million.Q3 adjusted earnings per share $0.16.Q3 loss per share $3.62.Transocean Ltd - ‍contract backlog was $9.4 billion as of October 2017​.  Full Article

Transocean's contract backlog is $9.4 bln ‍as of Oct. 26 ​
Thursday, 26 Oct 2017 05:19pm EDT 

Oct 26 (Reuters) - Transocean Ltd :Transocean Ltd - ‍as of October 26, 2017, company's contract backlog is $9.4 billion​.  Full Article

Transocean announces pricing of U.S. $750 mln of senior unsecured notes due 2026
Wednesday, 4 Oct 2017 04:36pm EDT 

Oct 4 (Reuters) - Transocean Ltd :Transocean Ltd. announces pricing of U.S. $750 million of senior unsecured notes due 2026.Transocean Ltd - ‍notes will bear interest at rate of 7.50% per annum and will be callable on or after January 15, 2021​.  Full Article

Transocean announces offering of U.S. $750 mln aggregate principal amount of senior unsecured notes
Wednesday, 4 Oct 2017 06:57am EDT 

Oct 4 (Reuters) - Transocean Ltd : :Transocean Ltd announces offering of notes.Transocean Ltd - ‍unit commenced an offering of U.S. $750 million aggregate principal amount of senior unsecured notes​.Transocean Ltd - ‍intends to use NET proceeds from offering to repay in full and retire 2.5% senior notes due October 15, 2017 upon maturity​.Transocean-Also intends to use proceeds from offering to redeem all of outstanding 6.00% senior notes due March 2018,7.375% senior notes due April 2018.Transocean Ltd - ‍also intends to use net proceeds to repay in full amounts the outstanding on its Eksportfinans loans due January 2018​.  Full Article

Transocean receives early termination notice on the Discoverer Clear Leader
Wednesday, 20 Sep 2017 04:15pm EDT 

Sept 20 (Reuters) - Transocean Ltd :Transocean Ltd. receives early termination notice on the Discoverer Clear Leader.Transocean - ‍Subsidiary of Chevron elected to exercise option to terminate drilling contract for ultra-deepwater drillship Discoverer Clear Leader.Transocean - ‍In accordance with contract terms, Transocean will be compensated through lumpsum payment of about $148 million in contract termination fees​.Transocean Ltd - ‍Payment is expected to be received in Q4 of 2017​.  Full Article

Transocean to buy Songa Offshore
Tuesday, 15 Aug 2017 02:39am EDT 

Aug 15 (Reuters) - Songa Offshore Se :Agreement to combine with transocean through a recommended voluntary exchange offer.Announces an agreement with transocean ltd. ("transocean", nyse: "rig") whereby parties have agreed to seek to complete a business combination.Offer will be made for an offer price of nok 47.50 per songa offshore share.To be settled in shares, convertible bonds and cash.Consideration implies an equity value of songa offshore on a fully diluted basis of approximately nok 9.1 billion.Enterprise value of approximately nok 26 billion.Offer price represents a 39.7% premium to songa offshore's closing share price on 14 august 2017 and a 47.1% premium to three-month volume weighted average stock price on 14 august 2017.Terms of combination imply an exchange ratio between songa offshore and transocean of 0.7145.Intention is for combined company to establish a harsh environment center of excellence in norway.In addition to contributing approximately usd4.1 billion in backlog, transaction is expected to be immediately accretive to transocean's earnings.Combined company will have a fleet of 53 rigs, comprised of ultra-deepwater drillships, harsh environment semis and deep- and mid-water semisubmersibles, combined with 9000 employees.Perestroika as, songa offshore's largest shareholders, will through offer become transocean's largest shareholder, with a holding of shares and rights to shares equal to approximately 12%.  Full Article

Transocean Ltd Q2 loss per share $4.32
Wednesday, 2 Aug 2017 04:18pm EDT 

Aug 2 (Reuters) - Transocean Ltd :Transocean ltd. reports second quarter 2017 results.Q2 revenue $751 million versus $785 million.Q2 loss per share $4.32.Transocean Ltd - qtrly ‍net loss attributable to controlling interest was $4.32 per diluted share​.Transocean Ltd - ‍contract backlog was $10.2 billion as of july 2017 fleet status report.​.Transocean Ltd - qtrly total drilling fleet utilization 44% versus 47%‍​.Transocean - qtrly ‍adjusted net income $1 million, excluding $1.691 billion items related to previously announced $1.597 billion loss on jackup fleet​ divestiture.  Full Article

BRIEF-Transocean: Shareholders Approve Acquisition Of Songa Offshore

* TRANSOCEAN LTD. SHAREHOLDERS APPROVE ACQUISITION OF SONGA OFFSHORE SE Source text for Eikon: Further company coverage: (Gdynia Newsroom)