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Gold/Mining/Energy
GlobalSantaFe Corp.
An SI Board Since November 2001
Posts SubjectMarks Bans Symbol
10 0 0 GSF
Emcee:  Elmer Flugum Type:  Unmoderated
Introduction Market Data Compact
Tuesday November 20, 6:49 pm Eastern Time

Global Marine and Santa Fe complete merger

HOUSTON, Nov 20 (Reuters) - Global Marine Inc. and Santa Fe International Corp. said on Tuesday they have completed their merger to create the world's No. 2 offshore oil and natural gas drilling contractor.

The merged company will be known as GlobalSantaFe Corp. and its stock will start trading on the New York Stock Exchange under ticker symbol GSF on Nov. 21.

The merger was implemented by means of a stock swap in which Global Marine stockholders received 0.665 Santa Fe shares for each Global Marine share, valuing Global Marine at about $2.5 billion at Tuesday's closing share prices.

The new company will have some 233 million shares outstanding and a market capitalization of about $4.9 billion, ranking it second among offshore drillers behind Transocean Sedco Forex Inc. which has a market value of some $9.2 billion.
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10In line quarter; outlook remains bright - Goldman Sachs - August 03, 2007 <bDennis Roth-8/3/2007
9GlobalSantaFe Corp. (GSF) Energy Goldman Sachs Note Stock rating: Neutral CoveDennis Roth-5/7/2007
8GlobalSantaFe (IL/A): Raising 2007E EPS; Prime beneficiary of rising global jackDennis Roth-5/9/2006
7GlobalSantaFe (IL/A): Raising 2007 ests and fair value for the global dayrate leDennis Roth-2/26/2006
6GlobalSantaFe (IL/A): First Take - 4Q core operations in line - Goldman Sachs - Dennis Roth-2/24/2006
5OK Dennis...maybe I will see you over in the "Boom Boom Room" lenElmer Flugum-12/10/2005
4Len, I don't have this thread book marked either. I only use it to stash GolDennis Roth-12/10/2005
3GlobalSantaFe ups cash dividend Thursday December 8, 6:07 pm ET GlobalSantaFeElmer Flugum-12/9/2005
2GlobalSantaFe (IL/A): Raising estimates + fair value - Goldman Sachs - NovembDennis Roth-11/4/2005
1GlobalSantaFe (IL/A): First Take - 3Q core operations in-line, fleet status suggDennis Roth-11/3/2005
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