Transocean Ltd. (RIG) filed a Form 8K - Material Impairments -
with the U.S Securities and Exchange Commission on April 16,
2015.
On April 16, 2015, Transocean Ltd. (the "Company") announced
that it intends to dispose of the GSF Explorer in an
environmentally responsible manner, and has classified this rig as
held for sale. Accordingly, the Company expects its second quarter
2015 results to include an estimated non-cash charge of $100
million to $120 million, net of taxes. As the Company continues to
evaluate the long-term competitiveness of its fleet, additional
rigs may be identified as candidates for sale or disposal.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/1451505/000145150515000053/fsr-rigapril2015.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1451505/000145150515000053/0001451505-15-000053-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
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