Author: Elena Todorova
123jump.com
Last Update: 8:26 AM EDT July 23 2007


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The new company will be named Transocean. Under the terms of the deal, Transocean shareholders will receive $33.03 in cash and 0.6996 shares of the combined company for each Transocean share they hold. At the same time, GlobalSantaFe stockholders will get $22.46 in cash and 0.4757 shares of the combined company for each GlobalSantaFe share they hold.