Transocean to Combine With GlobalSantaFe

July 22, 2007

Transocean Inc., the world’s largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for nearly $18 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its deepwater equipment.

*For more on this story,

read the full Reuters article.

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Transocean to Combine With GlobalSantaFe

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