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Transocean moves on Songa

More consolidation in drilling sector as Transocean launches friendly merger with rival.

Transocean moves on Songa

Switzerland-based Transocean has reached an agreement to acquire 100% of Norwegian based oiler Songa for NOK47.50 per share (A$7.62), a 37% premium to Songa's five-day average closing price, valuing the...

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