Movers: Transocean, GlobalSantaFe, Merck, Netflix
Transocean (RIG) and GlobalSantaFe (GSF) agree to merge, creating a company with a combined market capitalization of $48 billion based on Friday's closing prices. Terms: RIG holders will to get $33.03 a share in cash and 0.6996 share of the combined company, and GSF holders will get $22.46 a share in cash, 0.4757 share of the new combined company.
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