Transocean sedco forex international

Transocean Sedco Forex Inc. -- Company History

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Former House Speaker Boehner: The proposals relating to the increase in authorized share capital, issuance of shares in the merger and the change of the company's name to Transocean Sedco Forex Inc. The merger will close by the end of the year, creating the world's largest offshore drilling company and the fourth-largest oilfield services company by market capitalization.

Schlumberger will have no ownership in the combined company following the merger. In a separate meeting, Schlumberger stockholders approved the proposal to spin off the capital stock of Sedco Forex, on a one-for-one basis, to Schlumberger stockholders.

The spin-off will take place on December 30, and will be followed by the merger of Sedco Forex with Transocean Offshore on December 31, Schlumberger stockholders will receive approximately one-fifth of a share of Transocean Sedco Forex stock for each share of Sedco Forex stock they receive in the spin-off and will hold approximately 52 percent of the ordinary shares of Transocean Sedco Forex on a diluted basis following the merger.

The company specializes in technically demanding segments of the offshore drilling business, including industry-leading positions in deepwater and harsh environment drilling services.

Transocean - Home | Offshore Drilling Contractors

The company also provides international turnkey, coiled tubing and integrated drilling services to customers worldwide. US Rig Count Poised For Loss Cenovus To Replace CEO, Plans Asset Sales After Unpopular Deal Canada Oil, Gas Assets Beat US in Clash for Foreign Cash Shell Nigeria Considering Investment In Gas Project In Niger Delta Italy's Eni, Iran Sign Agreement For Oil And Gas Field Studies Britain's Reliance On Imported Gas To Jump As Giant Storage Site Axed Which Area Ranks Highest for Petroleum Engineer Salaries?

The Upstream Zoo Scottish Unemployment Figures Change Amid Growing Sector Confidence Former House Speaker Boehner: