Transocean Acquires Songa Offshore
Transocean Ltd. announced today that it completed the previously announced compulsory acquisition of the remaining outstanding shares of Songa Offshore SE.
All remaining shares in Songa Offshore were transferred to Transocean (RIG) in accordance with the terms and conditions of the compulsory acquisition.
Transocean then settled the compulsory acquisition by delivering Consideration Shares, Exchangeable Bonds and cash consideration, as applicable, to Songa Offshore shareholders. Songa Offshore’s shares remained listed on the Oslo Stock Exchange through March 28, 2018.
