Siem in Talks to Acquire Remaining 50% in Overseas Drilling

Siem Offshore Inc. (SIOFF) is in discussions to acquire the remaining 50 percent of the shares of Overseas Drilling Ltd. from a subsidiary of Transocean Ltd. (RIG) for $22.5 million, it said in a statement on its website today.

To contact the editor responsible for this story: Marianne Stigset at mstigset@bloomberg.net

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