According to Reuters, Ocean Rig UDW (ORIG) seeking strategic alternatives

POTENTIAL DEAL DETAILS

Offshore driller Ocean Rig UDW Inc (ORIG) is preparing to explore a sale amid pressure from some of its largest shareholders to review its strategic alternatives, according to three people familiar with the matter.

Update(s):

September 04, 2018: Transocean Ltd. (RIG) and Ocean Rig UDW Inc. (ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt.

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