Transocean shareholders approve Ocean Rig acquisition
Transocean Ltd has reported that its shareholders have approved the acquisition of Ocean Rig UDW Inc.
President and CEO Jeremy Thigpen said: “We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig. 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.
“We look forward to closing the transaction in the coming days and welcoming Ocean Rig’s experienced crews into the company.”
Source: Offshore Magazine