Transocean Discussing Merger With Rival Seadrill

Transocean-Seadrill merger would be 'logical deal at logical time,' Citi says
Seadrill (NYSE:SDRL) +9.5% in Thursday's trading following Bloomberg's report late yesterday that it is in merger talks with larger offshore driller Transocean (RIG), a deal Citi analysts think has a reasonably high probability of occurring.
Seadrill up 9% at $38.50 on Bloomberg report of potential merger with Transocean
Transocean (RIG) is also up 2% at $4.20 per share. Published first on TheFly – the ultimate source for real-time, market-moving breaking
Transocean Discussing Merger With Rival Seadrill as Offshore Downturn Eases
Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea.
Offshore drillers Transocean, Seadrill discussing merger - Bloomberg
Seadrill (NYSE:SDRL) +10.2% post-market Wednesday following a Bloomberg report it is in ongoing discussions with larger offshore drilling contractor Transocean (NYSE:RIG) about a potential merger. Merging with Seadrill (SDRL) would fit Transocean's (RIG) strategy of growing its list of backlog work,
Transocean in merger talks with rival Seadrill, Bloomberg News reports
Offshore drilling provider Transocean is in talks to merge with rival Seadrill Ltd, Bloomberg News reported on Wednesday, citing people familiar with the matter. The companies are discussing the potential structure of the combination,
Transocean said to be in merger talks with Seadrill, Bloomberg says
Transocean (RIG) is in discussions for a potential merger with Seadrill (SDRL), Bloomberg’s David Carnevali, Dinesh Nair, and David Wethe
Transocean leads offshore drillers lower as Benchmark downgrades trio
Offshore drillers Transocean, Noble, and Valaris see stock drops after Benchmark downgrades, but expects contract acceleration may boost sentiment by H2 2025.
Seadrill Stock Surges on Report of Transocean Merger Talks
The two offshore oil drilling companies have discussed how to structure a potential merger, according to a report.
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Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, ...
Transocean (RIG) Gets a Hold from Barclays
Barclays analyst Eddie Kim maintained a Hold rating on Transocean (RIG – Research Report) today and set a price target of $4.50. The ...
Investors in Transocean (NYSE:RIG) from a year ago are still down 39%, even after 6.3% gain this past week
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Transocean Ltd. (NYSE:RIG) Shares Acquired by nVerses Capital LLC
Verses Capital LLC increased its position in Transocean Ltd. (NYSE:RIG – Free Report) by 9.3% during the 3rd quarter, ...