Tilbake til: Offshore
Innlegg av: Krafer (15.08.17 08:33 ), lest 6482 ganger
Ticker: SONGA

SONGA - Agreement to combine with Transocean

15/08-2017 08:30:56: (SONG) Songa Offshore SE : Agreement to combine with Transocean through a recommended voluntary exchange offer











Limassol, 15 August 2017



Songa Offshore SE ("Songa Offshore" or the "Company", Oslo Børs: "SONG") hereby announces an agreement with Transocean Ltd. ("Transocean", NYSE: "RIG") whereby the parties have agreed to seek to complete a business combination (the "Combination"), to be effected by Transocean (itself or through a wholly owned subsidiary) making a recommended public voluntary exchange offer for the entire share capital of Songa Offshore (the "Offer").



The Offer will be made for an offer price of NOK 47.50 per Songa Offshore share (the "Offer Price") to be settled in shares, convertible bonds and cash as set forth below. The consideration implies an equity value of Songa Offshore on a fully diluted basis of approximately NOK 9.1 billion, and an enterprise value of approximately NOK 26 billion. The Offer Price represents a 39.7% premium to Songa Offshore's closing share price on 14 August 2017 and a 47.1% premium to the three-month volume weighted average stock price on 14 August 2017. The terms of the Combination imply an exchange ratio between Songa Offshore and Transocean of 0.7145.



As part of the Combination, Songa Offshore and Transocean have discussed the future strategy of the Songa Offshore assets and organisation. The intention is for the combined company to establish a Harsh Environment Center of Excellence in Norway to serve the North Sea and other external harsh environment markets.



"The combination of Songa Offshore and Transocean is a strategic fit. The combined company will have an unparalleled backlog backed by strong counterparties. By adding Songa Offshore's four Cat-D rigs to Transocean's existing harsh environment fleet, the combined company will be the leader within this segment which is showing signs of recovery ", said Mr. Frederik W. Mohn, Chairman of Songa Offshore.



"The acquisition will strengthen Transocean's position as the leading offshore driller with exposure to deep- and harsh-water markets. Upon closing, Transocean will add four high specification harsh environment floaters, in addition to three legacy mid-water harsh environment rigs. In addition to contributing approximately USD4.1 billion in backlog, the transaction is expected to be immediately accretive to Transocean's earnings. The combined company will have a fleet of 53 rigs, comprised of ultra-deepwater drillships, harsh environment semis and deep- and mid-water semisubmersibles, combined with 9000 employees", said Mr. Jeremy Thigpen, CEO of Transocean.



As part of the entering into of the Combination Agreement, the board of Songa Offshore has after careful review of the Combination rationale and terms and conditions resolved to recommend its shareholders to accept the Offer. Such recommendation will be published in due course, together with the publication of the offer document for the Offer. In connection therewith, the Songa Offshore board has appointed ABG Sundal Collier ASA as independent financial advisor. ABG Sundal Collier ASA have issued a fairness opinion regarding the Offer to the Songa Offshore board.



Perestroika AS, Songa Offshore's largest shareholders, will through the Offer become Transocean's largest shareholder, with a holding of shares and rights to shares equal to approximately 12% of the combined entity on a fully diluted basis. Perestroika has accepted a 12-month lock-up on the Consideration Shares to be received by it. As part of the Combination, it has been agreed that the Transocean Board will nominate Mr. Frederik W. Mohn, chairman of Songa Offshore, to serve as director on the Transocean Board.
Innlegg av: Krafer (15.08.17 08:33 ), lest 3918 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Exchange ratio, offer price and consideration



As stated above, the Offer will be made for an offer price of NOK 47.50 per Songa Offshore share (the "Offer Price"), to be settled in shares, convertible bonds and cash. Under the terms of the Offer, each shareholder of Songa Offshore will be offered a combination of new shares of Transocean (the "Consideration Shares") and senior unsecured bonds exchangeable into shares of Transocean ("Consideration CBs"). The Consideration Shares will be valued at USD 8.39 (NOK 66.48) per share, equal to the closing price of the Transocean shares on the NYSE on 14 August 2017. The value attributed to each Consideration CB will be the nominal amount of such Consideration CB. The Consideration CB will have a coupon of 0.50%, five year tenor and be exchangeable at any time by the holder at a price of USD 10.28 (a 22.5% premium). The Consideration CBs will be listed on NYSE or NASDAQ.



In addition, each Songa Offshore shareholder may elect to receive a portion of their consideration in cash up to NOK 125,000 per Songa Offshore shareholder. Any Songa Offshore shareholder holding Shares valued at less than NOK 125,000 based on the Offer Price may choose to receive 100% of their consideration in cash. Notwithstanding the foregoing, the aggregate Offer Price paid to each Songa Offshore shareholder participating in the Offer shall be comprised, as near as possible, of 50% Consideration Shares and 50% Consideration CBs, with any exercise by such shareholder of the Cash Election being deducted first from the aggregate number of Consideration CBs issued to such shareholder and second to the aggregate number of Consideration Shares issued to such shareholder.



Further terms of the Offer



The complete details of the Offer, including all terms and conditions, will be included in an offer document expected to be distributed to Songa Offshore shareholders, following approval by the Oslo Stock Exchange and review by the Norwegian Financial Supervisory Authority, as well as filing with the U.S. Securities and Exchange Commission. As will be detailed in the offer document, completion of the Combination and the Offer will be subject to satisfaction or waiver of customary conditions, including, without limitation, a minimum acceptance of at least 90% of the voting shares of Songa Offshore on a fully diluted basis, regulatory approvals being obtained, no material breach by Songa Offshore of the Combination agreement and no material adverse change having occurred in Songa Offshore. The Offer is subject to approval to issue the Consideration Shares by a shareholders' meeting of Transocean and completion by Transocean of certain confirmatory due diligence reviews without material findings. The Offer is not subject to any financing conditions.



Subject to fulfilment of the conditions to the Offer, it is currently expected that the Combination may tentatively be completed in late 2017 or early 2018.



The Combination agreement has been entered into on customary terms. As part of the agreement, Songa Offshore has entered into undertakings not to solicit competing offers from third parties.



Bond loans



In the event the Offer is completed on the terms described above, there will be a change of control event under each of the Company's bond loans. In connection with, and conditional upon completion of, the Offer, Transocean will also offer to the holders of bonds in SONG04 and SONG05 to exchange (i) each SONG04 Bond for Consideration CBs, cash or a combination thereof in a total amount equal to 103.5% of the principal amount of such SONG04 Bonds and (ii) each SONG05 Bond for Consideration CBs, cash or a combination thereof in a total amount equal to 101% of the principal amount of such SONG05 Bonds, for both (i) and (ii) plus accrued unpaid interest on the Bonds up to completion of such bond offer. Subject to making the Offer, Transocean will also exchange with Perestroika AS its USD 50 million shareholder loan for Consideration CBs in a total amount equal to 100% of the principal amount of the loan (plus accrued unpaid interest).



Pre-acceptances



The largest shareholders of Songa Offshore, Perestroika AS (represented on the board by Mr. Frederik Mohn (chairman)) and funds managed by Asia Research & Capital Management Ltd. and York Capital Management Global Advisors, LLC, beneficially owning 87 million, 45 million and 15 million shares, respectively, have, subject to the terms and conditions of the pre-acceptances, irrevocably agreed to tender all shares that they own (and will own through exercise of convertible bonds and warrants) in the Offer once it has been commenced. Under the pre-acceptances the pre-accepting shareholders also agreed to receive all consideration through Consideration Shares and Consideration CBs. The pre-acceptances do not provide the ability for termination in the event of any competing offers, but includes a price protection should Transocean increase the Offer Price. In addition, Transocean has received irrevocable undertakings from each of the following directors and management members to tender their shares into the Offer once it has been commenced: Arnaud Bobillier, Mike Mannering, Johan Mikkelsen, Mark Bessell, Bjørnar Iversen and Jan Rune Steinsland.



In total, the aggregate number of shares subject to these irrevocable undertakings represent approximately 77% of Songa Offshore's share capital on a fully diluted basis.


Innlegg av: Krafer (15.08.17 08:34 ), lest 3893 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

For further details regarding the terms and conditions of the Offer and the expected timing of the Offer, please see the announcement made by Transocean today.



Pareto Securities AS acts as financial advisor to Songa Offshore in connection with the Combination and the Offer. Advokatfirmaet Schjødt AS acts as Songa Offshore's Norwegian legal advisor and Cleary Gottlieb Steen & Hamilton LLP as US legal advisor.



For further details, please contact:



Bjørnar Iversen, CEO (+357 99649152)

Jan Rune Steinsland, CFO (+47 97052533)



This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



Cautionary Statement Regarding Forward-Looking Statements



This communication contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Songa Offshore, Transocean and Transocean Inc. (("TINC" and, together with Transocean, the "Offeror")) have identified some of these forward-looking statements with words like "believe," "may," "could," "would," "might," "possible," "will," "should," "expect," "intend," "plan," "anticipate," "estimate", "potential", "outlook" or "continue," the negative of these words, other terms of similar meaning or the use of future dates. Forward-looking statements in this communication include without limitation, statements about the benefits of the proposed offer and transaction, including future financial and operating results and synergies, Songa Offshore's, Transocean's and the combined company's plans, objectives, expectations and intentions, and the expected timing of the completion of the transaction. Such statements are qualified by the inherent risks and uncertainties surrounding future expectations generally, and actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Risks and uncertainties that could cause results to differ from expectations include: uncertainties as to the timing of the contemplated transaction; uncertainties as to the acceptance of the offer by Songa Offshore's shareholders and approval of Transocean's shareholders required in connection with the contemplated transaction; the possibility that a competing proposal will be made; the possibility that the closing conditions to the offer and the contemplated transaction may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant a necessary regulatory approval; the effects of disruption caused by the announcement of the contemplated transaction making it more difficult to maintain relationships with employees, customers, vendors and other business partners; the risk that shareholder litigation in connection with the contemplated transaction may affect the timing or occurrence of the contemplated transaction or result in significant costs of defense, indemnification and liability; other business effects, including the effects of industry, economic or political conditions outside of the control of the parties to the contemplated transaction; transaction costs; actual or contingent liabilities; and other risks and uncertainties discussed in Transocean's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the "Risk Factors" section of Transocean's annual report on Form 10-K for the fiscal year ended December 31, 2016. You can obtain copies of Transocean's filings with the SEC for free at the SEC's website (www.sec.gov) or Transocean's website at http://www.deepwater.com. Neither Songa Offshore nor Transocean undertakes any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.



Additional Information and Where to Find It



In connection with the proposed Combination, Transocean will file with the U.S. Securities and Exchange Commission (the "SEC") a proxy statement (the "Proxy Statement") and Transocean and Transocean, Inc. ("TINC"), will file a Registration Statement on Form S-4 (the "Registration Statement") containing a prospectus with respect to the Consideration Shares and Consideration CBs to be issued in the Combination and the related transactions (the "Prospectus"). When available, Transocean will mail the Proxy Statement to its shareholders in connection with the vote to approve certain matters in connection with the Transaction and will distribute the Prospectus to certain Songa Offshore securityholders in the United States in connection with the Combination and related exchange offers contemplated by the transaction agreement. Transocean and TINC are also expected to file an offer document with the Financial Supervisory Authority of Norway (the "Norwegian FSA").
Innlegg av: Krafer (15.08.17 08:35 ), lest 3883 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

INVESTORS AND SECURITYHOLDERS ARE URGED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT AND/OR PROSPECTUS REGARDING THE COMBINATION IN ITS/THEIR ENTIRETY WHEN THEY BECOME AVAILABLE (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) OR ANY DOCUMENTS WHICH ARE INCORPORATED BY REFERENCE IN THE DEFINITIVE PROXY STATEMENT OR PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMBINATION. You may obtain, free of charge, copies of the definitive Proxy Statement, Prospectus and Registration Statement, when available, and other relevant documents filed by Transocean with the SEC, at the SEC's website at www.sec.gov. In addition, Transocean's shareholders may obtain free copies of the Proxy Statement and Prospectus and other relevant documents filed by Transocean and TINC with the SEC from Transocean's website at http://www.deepwater.com.



This communication does not constitute an offer to buy or exchange, or the solicitation of an offer to sell or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not a substitute for any prospectus, proxy statement or any other document that Transocean and TINC may file with the SEC in connection with the Combination. The final terms and further provisions regarding the public officer will be disclosed in the offer document after the publication has been approved by the Norwegian FSA and in documents that will be filed by Transocean and TINC with the SEC. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.



No offering of securities shall be made except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended, and any applicable European and Norwegian regulations. The transaction and distribution of this document may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein com should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No offering of securities will be made directly or indirectly, in or into any jurisdiction where to do so would be inconsistent with the laws of such jurisdiction.



Participants in the Solicitation



Each of Transocean, TINC, Songa Offshore and their respective directors and executive officers and other members of management and employees, may be deemed to be participants in the solicitation of proxies from Transocean' shareholders with respect to the approvals required to complete the Combination and the solicitation of acceptances for the Offer. More detailed information regarding the identity of these potential participants, and any direct or indirect interests they may have in the Combination, by security holdings or otherwise, will be set forth in the Proxy Statement and Prospectus when they are filed with the SEC. Information regarding Transocean's directors and executive officers is set forth in the definitive proxy statement on Schedule 14A filed by Transocean with the SEC on March 16, 2017 and in the Annual Report on Form 10-K filed by Transocean with the SEC on March 7, 2017. Additional information regarding the interests of participants in the solicitation of proxies in respect of the extraordinary general meeting and the Offer will be included in the Proxy Statement to be filed with the SEC. These documents are available to Transocean's shareholders free of charge from the SEC's website at www.sec.gov and from the investor relations section of Transocean's website at www.deepwater.com.





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Songa Offshore SE via Globenewswire
Innlegg av: Hektar (15.08.17 08:43 ), lest 3797 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Bare å gratulere eksisterende aksjonærer :)
Innlegg av: Korsar (15.08.17 08:54 ), lest 3637 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Der satt'n i sikringsboksen, gett!!
Innlegg av: NikkelRev (15.08.17 09:01 ), lest 3534 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Kan forvente et lite rykk i dag da, godt det :) Så får man se igjennom dette litt nærmere når man får tid og hva det egentlig innebærer i forhold til fremtiden. De som har studert dette allerede og sitter tettest på selskapet er iallefall positive!
Innlegg av: Caramba (15.08.17 09:05 ), lest 3466 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Der ser vi hva kapitalen fra Borr skulle brukes til.
Innlegg av: tesch (15.08.17 09:08 ), lest 3407 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean


Gratulerer eksisterended aksjonære er el å ta litt sterkt i - Mohn har vel et gjennomsnitt på rundt kr 2 ? Hva med alle småsksjonærer som har snittet seg Ned til kr 1-2. ? Denne har vært en katastrofe fra dag 1 , dessverre
Innlegg av: NikkelRev (15.08.17 09:14 ), lest 3359 ganger
Ticker: SONGA
Endret: 15.08.17 09:40

RE^1: SONGA - Agreement to combine with Transocean

Snitt på 1-2 kroner hadde jo vært bra.... Var en spleis 100:1 i denne. Har selv snitt på 20,72kr, så for noen så har det så langt vært et bra case, men så begynte jeg ikke å kjøpe før mars i fjor en liten post (litt tidlig, men uansett bra....) og har vektet eierskap på 300 dager :)

Edit: forsåvidt enig med Desmosedici, hadde mål i regnearket mitt om en høyere kurs, men på en del lengre sikt. Så får vi lese igjennom nøyere og se hva dette innebærer.
Innlegg av: Desmosedici (15.08.17 09:30 ), lest 3244 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Prisen er ganske dårlig vil jeg påstå, så fremt casen med DSME løser seg i favør Songa, samt de gull kantede kontraktene de har med Statoil. Denne aksjen kunne steget til gamle høyder på 1-2 år.
Innlegg av: tapas007 (15.08.17 11:22 ), lest 3059 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

også min tanke

men transO har lige været igennem chapter 11, og ligger måske med samme upside??

Innlegg av: Prime-Trader (15.08.17 16:32 ), lest 2928 ganger
Ticker: SONGA

RE^2: SONGA - Agreement to combine with Transocean

Og Transocean aksjonærene svarer med å sende aksjen ned 9%
Ikke særlig godt mottatt dette.
Innlegg av: Alsch (15.08.17 17:53 ), lest 2863 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Jeg klarer ikke å se noe sted at alt under 2631 aksjer (under 125.000) blir cashet ut til 47,5 kr. Er det sikkert at dette skjer, og at ikke alt blir omgjort til aksjer i TO og obligasjoner? Dersom man f.eks. har 2632 aksjer, får man da cashet ut 2631 av dem? 100 % sikkert? (gitt at 90 % aksepterer bud)
Innlegg av: dick .... (15.08.17 18:00 ), lest 2865 ganger
Ticker: SONGA
Endret: 15.08.17 18:01

RE^2: SONGA - Agreement to combine with Transocean

Fra Krafers andre innlegg:

"Any Songa Offshore shareholder holding Shares valued at less than NOK 125,000 based on the Offer Price may choose to receive 100% of their consideration in cash."
Innlegg av: komponisten (15.08.17 18:08 ), lest 2829 ganger
Ticker: SONGA
Endret: 15.08.17 18:10

RE^1: SONGA - Agreement to combine with Transocean

Alsch: dick .... har svart deg allerede.

Dette er hentet fra dagens børsmelding:

"In addition, each Songa Offshore shareholder may elect to receive a portion of their consideration in cash up to NOK 125,000 per Songa Offshore shareholder. Any Songa Offshore shareholder holding Shares valued at less than NOK 125,000 based on the Offer Price may choose to receive 100% of their consideration in cash."
Innlegg av: Alsch (15.08.17 18:13 ), lest 2817 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Ok, takk til begge :-) Var redd det kun gjaldt dersom man eide 2631 eller færre aksjer.
Innlegg av: Sjefsfuten (15.08.17 20:01 ), lest 2701 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Hvordan vil kursen til Transocean påvirke kursen til Songa fremover? Her er det vel aksjonærer som er direkte påvirket av kursen til Transocean.
Innlegg av: MrBurns (15.08.17 23:53 ), lest 2577 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Tja, bortsett fra den lille kontantdelen er vel hele budet linket til Transocean-kursen, så når den faller, faller budet implisitt omtrent det samme.
Innlegg av: Krafer (16.08.17 20:08 ), lest 2411 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Hockeymonkey hva er din kommentar til dette? :)
Innlegg av: Hockeymonkey (16.08.17 21:27 ), lest 2325 ganger
Ticker: SONGA

RE^2: SONGA - Agreement to combine with Transocean

Jeg mener det er Transocean aksjonærene som har gjort en god deal, mulig det går opp for dem om Songa viser gode takter i Q2 resultatet.

(Transocean har også her muligheten til å vinne søksmålene Songa Offhore har i mot DSME, blir det for 4 CATDS så kan det komme opp i UDS100M eller mer.)


Det er Fredrik Mohn som har ønsket å selge, men jeg forstår ikke hvorfor han hadde slikt hastverk.


Det er meget sikkert at man kan løse inn 2631 aksjer til 47,50.
Så det blir en drøss med nye småaksjonærer som blir løst ut til denne kursen.
Innlegg av: skerptiker (16.08.17 20:14 ), lest 2406 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Kjøp SONG ca 2500/ aksjer for NOK 42,5 og selg for NOK 47.50.
Innlegg av: kaffe2 (16.08.17 20:57 ), lest 2360 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Penger på gaten!
Innlegg av: dick .... (17.08.17 08:53 ), lest 2215 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

http://www.netfonds.no/quotes/multiday.php?paper=RIG.N

Fin årlig rente allerede, ja. Kanskje faller RIG enda mer og SONG også.
Innlegg av: blygen (25.08.17 08:26 ), lest 2072 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Ny melding.. Songa tjener penger igjen...
Innlegg av: Hockeymonkey (25.08.17 08:40 ), lest 2041 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Opex på vei ned igjen, de 4 "seddelpressene" går friksjonsfritt.
Innlegg av: Hockeymonkey (25.08.17 08:44 ), lest 2024 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

• DSME’s right to appeal expired on 15 August 2017 and no appeal documents served on Songa Offshore.



Innlegg av: Krafer (25.08.17 08:56 ), lest 2005 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Fin rapport det. Godt å se at de er tilbake på stabil god drift.
Innlegg av: tapas007 (11.09.17 22:59 ), lest 1844 ganger
Ticker: SONGA

RE^2: SONGA - Agreement to combine with Transocean

nogen som har lod her?

tager i aktier i Transocean eller cash 47,5 nok??

tænker at sælge 50% og og aktier for resten
også blive 2-4 år der
Innlegg av: Egard (11.09.17 23:09 ), lest 1829 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

slik det ser ut nå md stigende kurser vil nok en få bedre betalt for songa aksjene på børsen enn om en venter til tilbudet trer inn. stiger til over tilbudskurs allerede. Ser for meg en oppgang i Songa der kursen blir høyere enn 47.50.
Innlegg av: atsjo (12.09.17 09:24 ), lest 1741 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Re tapas007:

Her antar jeg at du eier på eller under 2631 aksjer i Songa? Hvis du eier mer så må du nok lese tilbudsmeldingen en gang til.


Innlegg av: Jack-down (12.09.17 20:22 ), lest 1687 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $8.96* 0.47 5.54%
*Real-Time - data as of 9/12/2017 2:19:43 PM
Innlegg av: Hockeymonkey (13.09.17 12:27 ), lest 1610 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Går RIG i $10 så skal du ha SONG i Kr 51,-, USDNOK som i dag, denne kan fort utgjøre noen %er.
RIG i 11 dette året?
Innlegg av: Jack-down (13.09.17 16:46 ), lest 1571 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

DET GÅR JO RETTE VEIEN

Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $9.10* 0.31 3.53%
*Real-Time - data as of 9/13/2017 10:43:43 AM -
Innlegg av: NikkelRev (14.09.17 08:07 ), lest 1507 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Oppgjør på en aksjekurs som er nærmest ATL i et marked hvor mange er enige om at veien fremover antakelig er opp, ser fort bedre ut nå. Blir interessant å se de endelige dokumentene. I går passerte kursen selv med innløsning av bonds kursen på tilbudet :)
Innlegg av: Hockeymonkey (14.09.17 10:46 ), lest 1459 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Riktig, men i dette øyeblikk ligger vi på kr47.04,- (USD7,88) og drar nok opp mot RIG $10,- som tilsier SONG som nevnt ovenfor.
Innlegg av: Jack-down (14.09.17 10:56 ), lest 1447 ganger
Ticker: SONGA
Endret: 14.09.17 16:07

RE^1: SONGA - Agreement to combine with Transocean

En del penger på gaten som blir innløst nå.)))


Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $9.35* 0.14 1.52%
*Real-Time - data as of 9/14/2017 9:58:40 AM -


Kjøpsandel
Megler Volum Pris Verdi Andel%
NMBR 1 000 000 46.70 46 700 000 78.35%

Salgsandel
Megler Volum Pris Verdi Andel%
ESO 1 000 000 46.70 46 700 000 78.35%
Innlegg av: trek (14.09.17 16:19 ), lest 1360 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Jeg vet ikke om jeg har forstått tilbudet rett, men burde ikke kursen ha ligget over 53 kroner nå, hvis bytteforholdet er 0,7145 RIG aksjer pr. SONG.
Innlegg av: desirata (14.09.17 16:55 ), lest 1323 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

dollarkursen er noenlunde samme som i tilbudet. Blir ikke da regnestykket:
9,35: 8,39 x 47,50 = 53 per Songa aksje

Kjøper har da selvsagt risikoen med at RIG kursen kan falle, men også upside dersom den stiger til $10-11.

Innlegg av: NikkelRev (14.09.17 17:13 ), lest 1300 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Forslaget var oppgjør 50/50 i aksjer og obligasjoner. Obligasjonene er konvertible på en høyere kurs enn aksjene i oppgjøret.
Innlegg av: Jack-down (14.09.17 17:14 ), lest 1302 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Husker ikke helt men man får vel kun halvparten i RIG aksjer (etterat kontantdelen er trukket fra 2631 aksjer) den andre halparten blir i Convertible bond med innløsningsgebyr på 22,5 % slik jeg har forstått det.

Hockeymonkey kommer sikkert med noen beregninger.
Innlegg av: tottoguten (16.09.17 00:31 ), lest 1105 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Hva betyr Premium 22.5%? Jeg håpet at det var en premie på 22.5% til Songas aksjonærer? Kan noen med god oversikt over hva tilbudet innebærer fortelle meg hva verdien på mine 10000 Songa-aksjer er vert med la oss si 9,20 USD Transocean-kurs og USD kurs 7,80? Interessert fordi jeg ikke har handlekonto i utlandet og derfor regner med at Transocean-aksjer og bonds må handles utenfor Norge. Interessant for meg pga den nye ASK-kontoen.
Innlegg av: Jack-down (16.09.17 13:20 ), lest 1039 ganger
Ticker: SONGA
Endret: 16.09.17 16:43

RE^1: SONGA - Agreement to combine with Transocean

http://www.nasdaq.com/symbol/rig/ownership-summary

10000 aksjer er vert pr idag: ( Kona + mor + et par gamle tanter kan jo få lov til å eie noen aksjer noen måneder så har du jo løst problemet))))

2631 x 47,50 kr = 124972, 50 NOK (cash utbetalt inntil 125 000 NOK)

10000 - 2631 = 7369 aksjer tilbake hvorav 50 prosent blir innløst i RIG(Transosean aksjer
og 50 prosent blir gitt i konvertible bond) Det betyr at du får 7369/2 i RIG aksjer til en kurs av
8,39 USD, tror jeg det var og 7369/2 aksjer blir utlevert i konvertible bond eller obligasjoner som kan innløses når du vil. Poenget er at for å innløse obligasjonsaksjene må du betale en premium eller en ekstra avgift på 22,5 %. De blir 22,5 % høyere enn 8, 39 USD. Slik har jeg forstått tilbudet så kan jo du regne ut. Her mangler en del hjerneceller idag.

3684 x 47,50 NOK = 174990 NOK som du kjøper RIG aksjer til 8,39 USD pr stk og
3685 x 47,50 NOK = 175037,50 NOK som du kan løse inn og kjøpe RIG aksjer for
8,39 x 1,225 = 10,28 USD pr stk

RIG aksjer kan vel handles hos nordnett???
Innlegg av: Krafer (19.09.17 09:00 ), lest 868 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Tror ikke det er noe problem å handle RIG-aksjen. Netfonds har også handel av den ser det ut til.

Selv valgte jeg å selge med ut i går. Tiden får jo vise om det var riktig men føler ikke jeg har peiling på hva som er riktig prising av RIG og fornøyd med gevinsten.

Får vurdere å kjøpe meg inn med kontantoppgjørskvoten om kursen skulle falle tilbake under det nivået igjen :)
Innlegg av: Hockeymonkey (20.09.17 14:34 ), lest 776 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

RIG Transocean åpner $9,40 - $9,45
Vi nærmer oss 10,-
Innlegg av: Jack-down (20.09.17 15:17 ), lest 747 ganger
Ticker: SONGA
Endret: 20.09.17 15:36

RE^1: SONGA - Agreement to combine with Transocean

Stemmer det, selger ikke enda

Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $9.41* 0.06 0.64%
*Real-Time - data as of 9/20/2017 9:26:47 AM
RIG $9.45* 0.09 51.02%
*Real-Time - data as of 9/20/2017 9:34:23 AM
Innlegg av: kong29 (20.09.17 16:04 ), lest 699 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Trodde ikke at kursen skulle passere 48,5
Innlegg av: Hockeymonkey (20.09.17 16:06 ), lest 693 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Kursen følger RIG, og den ser ut til at den skal videre.
Innlegg av: kong29 (20.09.17 16:10 ), lest 681 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Bare flaks at jeg ikke solgte😊
Innlegg av: davan (20.09.17 16:10 ), lest 681 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Hvorfor går den så mye over 47,50 som er innløsningskurs??

Forstår ikke dette helt, men sitter med min solide beholdning fortsatt.
Innlegg av: Jack-down (20.09.17 16:11 ), lest 687 ganger
Ticker: SONGA
Endret: 20.09.17 21:18

RE^1: SONGA - Agreement to combine with Transocean

Det skal vi også 50 nå


Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $9.80* 0.45 4.81%
*Real-Time - data as of 9/20/2017 3:14:28 PM
Innlegg av: Hockeymonkey (20.09.17 16:20 ), lest 680 ganger
Ticker: SONGA
Endret: 20.09.17 18:04

RE^1: SONGA - Agreement to combine with Transocean

Går RIG i $11,- så er posten din på eksempelvis 10 000 SONG aksjer verd Kr 56,-/stk ved konvertering til RIG aksjer og obligasjon ihht til oppkjøpstilbudet.

Inkludert her at obligasjonen konverteres på $10,28

Ref.:
o The Reference Price is USD $8.39 per share
o The Exchange Price will be set at a 22.5% premium to the underlying Reference Price
Dvs 8,39 * 1,225 = 10,27775

*****************************************

Nå "stikker" RIG Transocean aksjen:
9.76+0.41 (+4.35%)
As of 12:01PM EDT. Market open.
http://www.nasdaq.com/symbol/rig/real-time
Innlegg av: Egard (21.09.17 09:08 ), lest 427 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Songa Offshore SE : DSME Arbitration Update

Reference is made to Songa Offshore's announcements on 21 July 2017, 21 March 2016, 23 November 2015 and 17 November 2015.

Songa Offshore has been served with DSME's application to the English Court where DSME is seeking permission to appeal the arbitration awards. Songa Offshore considers that DSME's application was made out of time and that it is unlikely that permission to appeal will be granted.

29 September 2017
Limassol, Cyprus

Questions should be directed to:

Bjørnar Iversen, CEO (+357 99649152)
Innlegg av: Jack-down (21.09.17 09:33 ), lest 395 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Ja 29 september er om vel en uke.))

Ellers så steg jo Rig igår til 9.77 USD. selv om et av boreskipene til Transocean ble terminert ett år tidligere enn kontrakt.
Innlegg av: Hockeymonkey (21.09.17 14:15 ), lest 332 ganger
Ticker: SONGA
Endret: 21.09.17 14:32

RE^1: SONGA - Agreement to combine with Transocean

Q4 2017 får RIG USD148M utbetalt for termineringen av drill skipet, dvs full rate minus driftskostnader:

"ZUG, Switzerland, Sept. 20, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. (RIG) announced today that a subsidiary of Chevron elected to exercise its contractual option to terminate the drilling contract for the ultra-deepwater drillship Discoverer Clear Leader, effective November 2017, prior to its expiration in October 2018. In accordance with the contract terms, Transocean will be compensated through a lumpsum payment of approximately $148 million in contract termination fees, which is the present value of the operating dayrate less the operating costs per day. The payment is expected to be received in the fourth quarter of 2017. "
Innlegg av: Jack-down (21.09.17 18:04 ), lest 252 ganger
Ticker: SONGA

RE^1: SONGA - Agreement to combine with Transocean

Det ble en drop som følge av kontrakt terminering

Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $9.08* 0.695 7.11%
*Real-Time - data as of 9/21/2017 12:00:37 PM
Innlegg av: Hockeymonkey (21.09.17 19:48 ), lest 245 ganger
Ticker: SONGA
Endret: 21.09.17 22:38

RE^1: SONGA - Agreement to combine with Transocean

Termineringen av kontrakten med "cash" oppgjør fra Chevron innen Q4/2017 visste markedet om før 4:15 PM Eastern Daylight Time Sep 20th, 2017.
New York Stock Exchange åpningstider: 9:30AM–4PM.

Ble pressemeldingen lagt ut mellom 4PM og 4:15PM? Tror det, om ikke informer.

Sterk negativ kursreaksjon på termineringen, får håpe det drar seg litt til igjen når det synker inn at de får oppgjør så det spruter:
9 måneder/270 dager kanselleres mot "lump sum" $148Mill, det er net ~$548k/d.

Hadde kontrakten gått ut som vanlig hadde Transocean maksimalt fått :
($575k/d x 0,95) = $546k/d Earnings per day med 95% inntjeningsprosent, optimistisk.
$546k/d - $100k/d opex = $446k/d, optimistiske tall.


Jeg mener at Transocean drar inn USD 30Mill mer på at de Termineres, samt at $148M kommer i Q4 2017 og ikke spredt utover 2018 kvartalene.
(Renteberegninger inkludert skulle man kunne plusse på en fordel på $3-4Mill over 270 dager.)
Sum USD33Mill bedre enn vanlig drift. Jeg kjenner ikke til kontrakten, kun basert på hva mediene/pressemeldingene informerer.


$250Mill - $275Mill er RIG sin verdi redusert med etter meldingen om termineringen, kursen steg betydelig Onsdagen, men om man tar utgansgpunktet i Tirsdagen som lå på rundt $9.30 så sammenfaller ikke kursfallet med det økonomiske utfallet av termineringen.


************************************


News:
Transocean (RIG -5.7%) sinks on news that Chevron (CVX) terminated its contract for an ultra-deepwater drillship, effective in November, prior to its expiration in October 2018.

The Discoverer Clear Leader drillship has been under contract since November 2014 at a $575K dayrate.

RIG says it will be compensated through a ~$148M lump-sum payment in contract termination fees.
Innlegg av: Jack-down (21.09.17 23:45 ), lest 81 ganger
Ticker: SONGA
Endret: 22.09.17 00:19

RE^1: SONGA - Agreement to combine with Transocean

Ser ut som hele gjengen hadde en dårlig dag.!! Bare Noble over streken


Transocean Ltd (Switzerland) Common Stock Real Time Stock Quotes
RIG $9.10* -0.67 6.86%
*Real-Time - data as of 9/21/2017
---------------------------
Seadrill Limited Ordinary Shares (Bermuda) Real Time Stock Quotes
SDRL $0.37* -0.1065 22.28%
*Real-Time - data as of 9/21/2017
--------------------------------
Diamond Offshore Drilling, Inc. Common Stock Real Time Stock Quotes
DO $13.09* -0.73 5.28%
*Real-Time - data as of 9/21/2017
-----------------------------------------
Noble Energy Inc. Common Stock Real Time Stock Quotes
NBL $26.95* +0.11 0.41%
*Real-Time - data as of 9/21/2017
-----------------------------------
Ensco plc Class A Ordinary Shares Real Time Stock Quotes
ESV $5.22* -0.32 5.78%
*Real-Time - data as of 9/21/2017
------------------------------------------
Atwood Oceanics, Inc. Common Stock Real Time Stock Quotes
ATW $8.05* -0.6 6.94%
*Real-Time - data as of 9/21/2017 -

data as of 09/21/2017 circa (17:17:07 PM)

--------------------------------

Instrument 1M change % 3M change % 52W change % 5 years change % 52W high & low
Songa Offshore (OSL)
19.04% 56.73% 150.00% -93.39%
H: 50.00
L: 17.00
Fred Olsen Energy (OSL)
5.00% -28.33% -5.41% -95.89%
H: 36.50
L: 8.00
North Atlantic Drilling (NYSE)
-18.85% -37.44% -66.27% N/A
H: 4.80
L: 0.65
Diamond Offshore Drilling (NYSE)
30.25% 25.40% -14.85% -79.62%
H: 22.65
L: 10.06
Atwood Oceanics
38.17% 2.00% 19.64% -81.27%
H: 15.37
L: 5.91
Ensco A (NYSE)
29.43% 2.97% -25.84% -90.44%
H: 12.04
L: 4.10
Noble Energy (NYSE)
13.48% -5.83% -21.13% -42.42%
H: 42.03
L: 22.99