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Re: Transocean to buy Ocean Rig in $2.7 billion deal"Yet ORIG is currently trading for only $30.40 - that's odd, almost 2 bucks under the value of the deal unless RIG stock tanked on the news." ORIG is up now Ocean RIG 34.00 USD +0.17 (0.50%) And TransOcean, RIG itself went from just $10.80 to $13.64 in the last couple weeks. Just a change in sentiment regarding the market going forward. Still probably not a good acquisition by RIG. |
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