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.
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.
Transocean and Seadrill in Merger Talks as Offshore Oil and Gas Rebounds
Offshore drilling companies Transocean and Seadrill are discussing a potential merger to capitalize on the rebound in offshore oil and gas exploration.
Seadrill shares jump on Transocean merger rumours
Stock futures of offshore drilling companies Transocean and Seadrill were rising on Thursday on reports that the sector rivals were considering a potential merger.
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
Seadrill Shares Soar on Merger Talks Report
Seadrill shares rose after Bloomberg reported that the offshore drilling contractor was in talks with Transocean regarding a potential merger. Seadrill shares gained 11% in premarket trading. However, the stock is down more than a quarter since the beginning of the year. Transocean shares rose 3.4% premarket.
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.
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
Seadrill stock jumps on report of talks with Transocean
Shares of Seadrill rallied early Thursday after a report the offshore drilling company is in talks to merge with Transocean.
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,
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Transocean Ltd. Provides Quarterly Fleet Status Report
Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.
Investors in Transocean (NYSE:RIG) from a year ago are still down 39%, even after 6.3% gain this past week
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 Inks $193M Ultra-Deepwater Drillship Contract
RIG lands a new contract with an undisclosed operator in the US Gulf of Mexico for the Deepwater Conqueror drillship.
Transocean leads offshore drillers lower as Benchmark downgrades trio
Offshore drillers Transocean, Noble, and Valaris see stock drops after Benchmark downgrades, but expects contract ...
Transocean (RIG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming ...
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 ...
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, ...