Transocean To Acquire Aker Drilling For $1.43B

Transocean Ltd RIG announced its plans to acquire Aker Drilling for $1.43 billion. Transocean will pay 26.50 kroner per share ($4.81) in cash for Aker Drilling, representing a 62% premium to Aker's 30-day average price of 16.39 kroner ($2.97) per share. The transaction also includes $800 million in debt. RIG shares dropped 0.16% to $55.52 in pre-market trading.