Ocean Rig UDW Inc. (ORIG) Is Up Sharply After Bought By Transocean

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(RTTNews.com) - Ocean Rig UDW Inc. ( ORIG ) announced Tuesday morning that it has agreed to be acquired by Transocean (RIG) for approximately $2.7 billion in a cash and stock deal.

Ocean Rig has gapped open sharply higher this morning and is now up 3.82 at $30.90 on above average volume. The stock has broken out to a 2-month high.

Read the original article on RTTNews (http://www.rttnews.com/2931726/ocean-rig-udw-inc-orig-is-up-sharply-after-bought-by-transocean.aspx)

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This article appears in: World Markets , Stocks , Oil
Referenced Symbols: ORIG ,

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