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

|About: Transocean Ltd. (RIG)|By:, SA News Editor

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)