Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Wowzer who wrote (44889)	5/17/1999 8:22:00 PM
From: Heretic	Read Replies (3) of 95453

"Transocean Offshore Inc. (NYSE: RIG; OSE) said today that it has completed its previously announced reorganization and registered by way of continuation as a Cayman Islands corporation, effective Friday, May 14, 1999." Did anyone ever figure out the tax implications of the RIG moving offshore and if this may have resulted in some selling pressure?? Something about not being able to carry a tax loss to the 'new' stock??

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