Less than a minute
191 words
4 views
In what’s the biggest M&A deal in oil since the 2014 price
crash, Transocean has agreed to buy Norwegian sector player Songa
Offshore for U$1.1 billion, to be paid in stocks and convertible
debt. The target company’s enterprise value including debt is
US$3.4 billion, and the acquisition should generate cost and
operational synergies of about US$40 million annually, the
Swiss-based buyer said in a statement. Transocean added that the
acquisition will strengthen its position in harsh environment and
ultra-deepwater drilling. The order…
crash, Transocean has agreed to buy Norwegian sector player Songa
Offshore for U$1.1 billion, to be paid in stocks and convertible
debt. The target company’s enterprise value including debt is
US$3.4 billion, and the acquisition should generate cost and
operational synergies of about US$40 million annually, the
Swiss-based buyer said in a statement. Transocean added that the
acquisition will strengthen its position in harsh environment and
ultra-deepwater drilling. The order…
In what’s the biggest M&A deal in oil since the 2014 price
crash, Transocean has agreed to buy Norwegian sector player Songa
Offshore for U$1.1 billion, to be paid in stocks and convertible
debt. The target company’s enterprise value including debt is
US$3.4 billion, and the acquisition should generate cost and
operational synergies of about US$40 million annually, the
Swiss-based buyer said in a statement. Transocean added that the
acquisition will strengthen its position in harsh environment and
ultra-deepwater drilling. The order…
crash, Transocean has agreed to buy Norwegian sector player Songa
Offshore for U$1.1 billion, to be paid in stocks and convertible
debt. The target company’s enterprise value including debt is
US$3.4 billion, and the acquisition should generate cost and
operational synergies of about US$40 million annually, the
Swiss-based buyer said in a statement. Transocean added that the
acquisition will strengthen its position in harsh environment and
ultra-deepwater drilling. The order…