Transocean, GlobalSantaFe merger one step closer

The Grand Court of the Cayman Islands has approved the proposed merger of GlobalSantaFe with a wholly owned subsidiary of Transocean Inc.
Nov. 21, 2007

Offshore staff

HOUSTON –The Grand Court of the Cayman Islands has approved the proposed merger of GlobalSantaFe with a wholly owned subsidiary of Transocean Inc. The transaction is scheduled to be completed on Nov. 27, 2007.

One more approval is pending, that of the Office of Fair Trading for the United Kingdom.

11/21/2007

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