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Transocean Pays $432M In Buyout Deal For Two Oil Rigs

By Liz Hoffman (May 7, 2012, 5:25 PM EDT) -- Transocean Ltd., which owns the world's biggest fleet of oil and gas rigs, will pay $432 million in stock to buy out its joint venture partner and take control of two deepwater ships currently drilling for Reliance Industries Ltd. off the coast of India, the company said Monday....

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