Transocean Ltd., owner of the rig that exploded drilling BP Plc’s Macondo well, rose in New York trading after billionaire John Fredriksen said his Seadrill Ltd. may bid for the company.
“We’re looking at everything that is reasonable,” Fredriksen said today in an interview in Oslo. “Transocean is reasonable these days. We’re looking at companies that are cheap and that have good equipment.”via businessweek
In an interview with Oslo today Fredriksen said, "Transocean is reasonable these days" and "we're looking at everything that is reasonable."
Shares of RIG are up 3 percent to $52.40.