14 July 2003director interest notice● Neutral
Mike Unsworth became a TRANSOCEAN INTERNATIONAL Ltd VP, Marketing and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 July 2003director interest notice● Neutral
Gregory L Cauthen became a TRANSOCEAN INTERNATIONAL Ltd Sr. VP, CFO and Treasurer and company insider (initial ownership filing).
14 July 2003director interest notice● Neutral
Jean Cahuzac became a TRANSOCEAN INTERNATIONAL Ltd Exec. VP & Chief Oper. Officer and company insider (initial ownership filing).
14 July 2003director interest notice● Neutral
Robert L Long became a TRANSOCEAN INTERNATIONAL Ltd President and CEO and company insider (initial ownership filing).
14 July 2003director interest notice● Neutral
Brenda Masters became a TRANSOCEAN INTERNATIONAL Ltd VP and Controller and company insider (initial ownership filing).
14 July 2003director interest notice● Neutral
Barbara S Koucouthakis became a TRANSOCEAN INTERNATIONAL Ltd VP & Chief Information Officer and company insider (initial ownership filing).
14 July 2003director interest notice● Neutral
Donald R Ray became a TRANSOCEAN INTERNATIONAL Ltd Exec. VP, QHSE and company insider (initial ownership filing).
14 July 2003director interest notice● Neutral
Eric B Brown became a TRANSOCEAN INTERNATIONAL Ltd Sr. VP, Gen Counsel & Corp Sec and company insider (initial ownership filing).
1 July 2003director interest notice● Neutral
Victor Grijalva became a TRANSOCEAN INTERNATIONAL Ltd director and company insider (initial ownership filing).
1 July 2003director interest notice● Neutral
Martin B Mcnamara became a TRANSOCEAN INTERNATIONAL Ltd director and company insider (initial ownership filing).
4 Mar 2002securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd filed the final prospectus for a registered offering.
31 Jan 2002securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd filed the final prospectus for a registered offering.
30 Jan 2002business combination● Neutral
Transocean filed Amendment No. 1 to its January 18, 2002 registration for the offer to swap six series of R&B Falcon notes (about $1.477 billion principal) for new Transocean notes with the same terms. It now fills in the dates left blank before: the consent payment deadline is February 13, 2002 (cash consent payments of $2.50 to $6.00 per $1,000 of notes, paid by R&B Falcon), and the offers expire March 1, 2002 unless extended. Goldman, Sachs & Co. is named as dealer manager. This continues the January 2002 exchange offer; no new debt is added.
18 Jan 2002business combination● NeutralMajor
Transocean filed a registration statement offering to swap six series of R&B Falcon notes (about $1.48 billion principal, due 2003 to 2018) for new Transocean notes with the same principal, rates and maturities, while also seeking holder consents to amend the old indentures. This moves debt of the R&B Falcon subsidiary acquired in the 2001 merger up to Transocean itself; the document is a preliminary draft and the deadlines are left blank.
6 June 2001securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd filed the final prospectus for a registered offering.
9 May 2001securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd filed a prospectus supplement for an offering off its existing shelf.
3 May 2001business combination● Neutral
Transocean filed a registration statement to swap the $1.3 billion of privately placed 2011 and 2031 notes (issued in April 2001) for identical registered notes. It is a follow-through on the earlier placement and adds no new debt or new terms.
13 Apr 2001securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
10 Apr 2001securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd registered a securities offering with the SEC using its shelf eligibility.
9 Apr 2001capital raising announcement● NeutralMajor
Transocean sold $700 million of 6.625% notes due 2011 and $600 million of 7.500% notes due 2031 in a private placement that closed April 5, 2001, for expected net proceeds of about $1,283 million. The money is meant to fund R&B Falcon's tender offer for its 11.375% Senior Secured Notes due 2009 and the redemption of its 11% and 12.25% notes due 2006, plus general corporate purposes, so it replaces the debt taken on in the merger with new Transocean debt.
22 Feb 2001substantial holder notice● Neutral
Marsh & McLennan Companies, Inc, Putnam Investments, LLC, Putnam Investment Management, LLC disclosed a new substantial TRANSOCEAN INTERNATIONAL Ltd shareholding (7.80% of votes).
22 Feb 2001substantial holder notice● Neutral
Marsh & McLennan Companies, Inc, Putnam Investments, LLC, Putnam Investment Management, LLC disclosed a new substantial TRANSOCEAN INTERNATIONAL Ltd shareholding (7.80% of votes).
7 Feb 2001asset acquisition disposition● NeutralMajor
Transocean completed the R&B Falcon merger on January 31, 2001, issuing 106,062,740 ordinary shares at 0.5 per R&B Falcon share and expecting to assume warrants and options for up to 13,219,717 more shares; this resolves the pending deal. The shareholder-approved changes from the December 12, 2000 meeting (authorized shares 300M to 800M, board up to 13, larger incentive and stock purchase plan reserves) are confirmed, and three former R&B Falcon directors joined the board. Management also guided to a very weak first quarter (break-even to $.05 per share), 2001 earnings of $1.33 to $1.78 per share for the combined company (it called analyst consensus of $1.82 standalone high by at least 10%), and disclosed that Elf Exploration-Angola gave notice of termination of the three-year Sedco Express contract and that the Cajun Express contract with Marathon has a March 31, 2001 cancellation option under discussion.
31 Jan 2001business combination● Neutral
Transocean filed a short add-on registration (S-4MEF) for 140,000 more ordinary shares for the R&B Falcon merger and for assumed R&B Falcon options, bringing the expected maximum shares to be issued to 119,286,879 (from 119,146,879). The earlier registration (333-46374) and the merger terms are otherwise unchanged and incorporated by reference.
1 Nov 2000securities registration● Neutral
TRANSOCEAN INTERNATIONAL Ltd filed the final prospectus for a registered offering.
30 Oct 2000business combination● NeutralMajor
Transocean amended the merger registration statement again (Amendment No. 2), raising the maximum shares registered to 119,146,879 and now expecting to issue about 106 million shares, about 33% of the shares outstanding after the merger (up from about 100 million and 32% earlier). The exchange ratio is unchanged at 0.5, and both shareholder meetings are set for December 12, 2000.
26 Oct 2000business combination● Neutral
Transocean amended its merger registration statement (Amendment No. 1) to also cover shares issuable on exercise of R&B Falcon options and warrants that Transocean would take on in the merger. The share count registered (110,328,650) and the 0.5 exchange ratio are unchanged here, and the shareholder meetings are now set for December 2000, with an October 30, 2000 record date for Transocean's meeting.
22 Sept 2000business combination● NeutralMajor
Transocean filed the registration statement (Form S-4) and draft joint proxy statement/prospectus for the R&B Falcon merger, registering up to 110,328,650 ordinary shares for the 0.5-for-1 exchange. It says about 100 million shares would be issued, roughly 32% of the shares outstanding after the merger, and that Transocean shareholders will vote on raising authorized shares to 800,000,000, a board of up to 13 members, and larger share reserves for its incentive plan (13.3 million to 19.5 million) and employee stock purchase plan (750,000 to 1.5 million). Meeting dates were left blank; this document is not yet final.
21 Aug 2000business combination● Neutral
Transocean filed soliciting material naming its directors and officers as possible participants in seeking shareholder votes for the R&B Falcon merger. It states that none of them individually, nor all together, own more than 1% of Transocean's ordinary shares. It carries no new deal terms or figures.
21 Aug 2000business combination● NeutralMajor
Transocean Sedco Forex agreed on August 19, 2000 to acquire R&B Falcon Corporation in an all-stock deal: each R&B Falcon share becomes 0.5 Transocean ordinary shares (about 100 million new shares per the press release, with an estimated total transaction value of $8.8 billion including about $3.0 billion of R&B Falcon debt). Closing needs approval from both companies' shareholders, antitrust clearance, a $105 million R&B Falcon share offering used to partly redeem its 13.875% preferred stock, and investment-grade ratings on certain R&B Falcon debt; the press release expects closing by the end of the first quarter of 2001. Existing Transocean shareholders keep their shares but would own a smaller share of the combined company.