31 Jan 2003substantial holder notice● Neutral
Montag & Caldwell, Inc disclosed a new substantial TRANSOCEAN OFFSHORE INC shareholding (7.00% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 June 1999annual report● Neutral
Annual report for the Transocean Offshore Savings Plan (401(k)) - the employee retirement plan's own separately audited financial statements for FY1998.
19 Mar 1999annual report▲ GoodMajor
FY1998 10-K: revenue reached $1,090 million and net income $343 million ($3.41/share diluted) - more than double 1997's $142 million - marking the peak of the 1990s offshore drilling upcycle just days after the Cayman Islands reorganization was announced.
15 Mar 1999other material event● NeutralMajor
The board approved reorganizing Transocean Offshore from a Delaware corporation into a Cayman Islands corporation - Chairman/CEO J. Michael Talbert cited growing international business as the rationale - with operations continuing unchanged under the new parent.
13 July 1998securities registration● Neutral
A second, word-for-word duplicate copy of the same withdrawal letter filed under a separate accession number the same day - a genuine same-day duplicate filing, not new content.
13 July 1998securities registration● Neutral
Formally withdrew the June 30, 1998 post-effective amendment to the 1997 debt shelf, per the SEC Staff's request, now superseded by the same-day new combined S-3.
13 July 1998securities registration● Neutral
Filed a new combined shelf registration under Rule 429, replacing the June 30 post-effective amendment at the SEC Staff's request with a single combined prospectus covering the existing 1997 shelf.
30 June 1998securities registry admin● Neutral
Registered an additional 200,000 shares under the Long-Term Incentive Plan, topping up the 1996 registration.
30 June 1998securities registry admin● Neutral
Registered 250,000 shares for the company's Employee Stock Purchase Plan.
30 June 1998securities registration● Neutral
Post-effective amendment updating the 1997 debt shelf registration - later withdrawn at the SEC Staff's request in favor of a single combined shelf (see the July 13, 1998 filings).
20 Mar 1998annual report▲ GoodMajor
FY1997 10-K: revenue nearly doubled to $892 million (from $529 million) and net income rose to $141.9 million ($1.38/share diluted, from $78.0 million/$1.07 in 1996) as the offshore drilling market strengthened and a full year of Transocean ASA was consolidated.
30 Apr 1997other material event● Neutral
Closed the $300 million public debt offering (the 7.45% Notes and 8.00% Debentures priced days earlier) and filed the underwriting agreement, indenture, and note/debenture forms as exhibits.
28 Apr 1997securities registration● Neutral
Final terms set: 7.45% Notes and 8.00% Debentures, both due April 15, 2027, completing the pricing of the $300 million offering first registered in early April.
21 Apr 1997securities registration● Neutral
Preliminary pricing supplement for the $300 million debt offering - $100 million of Notes and $200 million of Debentures, both due 2027 - with the interest rate still to be set.
3 Apr 1997business combination● NeutralMajor
A year-delayed follow-up to the September 1996 Transocean ASA combination: disclosed the company had kept buying additional Transocean ASA shares through Nov-Dec 1996 for about $91 million cash, lifting its stake from 94% to over 99%, and filed updated pro forma combined financials.
3 Apr 1997securities registration● Neutral
Registered a new $300 million debt shelf, laying the groundwork for the Notes and Debentures offering priced later that month.
21 Mar 1997annual report▲ GoodMajor
FY1996 10-K: net income $78.0 million ($1.07/share diluted, as later restated), up from $46.9 million in 1995, reflecting high rig utilization plus four months of consolidated Transocean ASA results after the September combination.
20 Sept 1996securities registry admin● Neutral
Registered 1,000,000 shares under the company's Long-Term Incentive Plan - the first S-8 filed under the new Transocean Offshore Inc. name, days after the Transocean ASA combination closed.
18 Sept 1996business combination▲ GoodMajor
The exchange offer closed Sept 3, 1996: Sonat Offshore Drilling acquired ~94% of Transocean ASA for 22,920,840 of its own shares plus $207.4 million cash, then renamed itself Transocean Offshore Inc. and raised its authorized share count to 150,000,000. A follow-on Norwegian-law-mandated cash offer for the remaining public shares was expected shortly.
16 Aug 1996business combination▲ Good
Disclosed target Transocean ASA's own Q2 1996 results as required by the exchange-offer registration: net income of NKr 344 million (vs. a NKr 9 million loss a year earlier), boosted by a NKr 332 million gain on selling its Anchor Drilling Fluids business - the target's own financials improving just as the deal neared completion.
2 Aug 1996business combination● Neutral
Amendment No. 1 to the exchange-offer registration statement, updating the offer's terms and disclosure ahead of commencement.
29 July 1996business combination● NeutralMajor
Registered up to 28,652,037 shares of common stock to be exchanged for 54,060,448 Transocean ASA shares - the formal Securities Act registration for the exchange offer first announced in April.
20 June 1996business combination● Neutral
Filed the actual May 20, 1996 letter agreement with Tiger Management Corp as an exhibit, formalizing Tiger's earlier-announced commitment to tender its 17.2% Transocean ASA stake into the pending exchange offer.
11 June 1996business combination● NeutralMajor
Sonat Offshore Drilling Inc. disclosed a fast-moving takeover courtship of Norway's Transocean ASA via a chain of April-May 1996 press releases: an April 25 unsolicited proposal, a May 2 agreement in principle, a May 10 update that Transocean chose Sonat over a rival bidder, and a May 20 revised offer under which Tiger Management Corp (owner of ~17.2% of Transocean) agreed to tender its shares.