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Transocean (RIG) agrees to sell 38 shallow-water drilling rigs to P-E backed Shelf Drilling...

Transocean (RIG) agrees to sell 38 shallow-water drilling rigs to P-E backed Shelf Drilling International for $1.05B, with the amount comprising $855M in cash and $195M of seller financing in the form of preference shares. Following the deal, Transocean will take a Q3 impairment charge. (PR)
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