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

  • December 21, 2017


StockOcean Rig UDW Inc.SymbolORIG
Date Announced12/20/2017Source Reuters
TypeNews Report
Date of Confirmation: 09/04/2018Price at Confirmation: $30.32
Potential Profit: 16.35%Annualized Profit: 23.13%

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.


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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.