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DRILLING

Transocean moves on Ocean Rig

$2.7B takeover positions company for deepwater drilling revival

Haydn Black
Transocean moves on Ocean Rig

The deal is a cash and scrip deal valued at $2.7 billion, inclusive of Ocean Rig's net debt and follows Ocean Rig's major restructure in September 2017.   "The proposed acquisition of Ocean Rig provides...

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