Monday, July 23, 2007

Transocean to buy GlobalSantaFe

(Reuters) - "This is the type of transaction shareholders have been clamoring for," said Mark Urness, an analyst with Calyon Securities.




Under the terms of the deal, Transocean shareholders would receive $33.03 in cash and 0.6996 share of the combined company for each share of Transocean they own. GlobalSantaFe shareholders would receive $22.46 in cash and 0.4757 share of the combined company for each share of GlobalSantaFe they own.


Read more at Reuters.com Bonds News

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