TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Other Events

Item 8.01 Other Events.

On December 6, 2016, Transocean Partners LLC (Transocean
Partners) reconvened an extraordinary meeting of common
unitholders (the Special Meeting), which had been convened and
adjourned without a vote on November 11, 2016 and November 16,
2016, to consider and vote on the proposal to approve the
Agreement and Plan of Merger, dated as of July 31, 2016 (the
Original Merger Agreement), and as amended on November 21, 2016
(the Amendment and the Original Merger Agreement as amended by
the Amendment, the Merger Agreement), among Transocean Partners,
Transocean Ltd. (Transocean), and certain subsidiaries of
Transocean, to which Transocean Partners will merge with and into
an indirect wholly owned subsidiary of Transocean (the Merger),
and the Merger.

The common unitholders of Transocean Partners approved the Merger
Agreement and the Merger at the Special Meeting. A copy of the
press release announcing the results of the Special Meeting is
filed as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated by reference into this Item 8.01.

Item 9.01Financial Statements and Exhibits.

A copy of an opinion of Homburger AG is filed as Exhibit 5.1
herewith and hereby incorporated by reference herein in
connection with the issuance of shares of Transocean to (i)
Transoceans registration statement on Form S-4 (File No.
333-213146) filed with the Securities and Exchange Commission
(the Commission) on August 15, 2016, as amended by Pre-Effective
Amendment No. 1 filed with the Commission on September 14, 2016,
by Pre-Effective Amendment No. 2 filed with the Commission on
September 22, 2016 and by Pre-Effective Amendment No. 3 filed
with the Commission on September 30, 2016, and declared effective
on October 4, 2016, and (ii) Transoceans registration statement
on Form S-4 (File No. 333-214768) filed with the Commission on
November 22, 2016 and effective upon filing.

(d) Exhibits.

About TRANSOCEAN LTD. (NYSE:RIG)

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups.

TRANSOCEAN LTD. (NYSE:RIG) Recent Trading Information

TRANSOCEAN LTD. (NYSE:RIG) closed its last trading session up +0.27 at 14.25 with 19,786,417 shares trading hands.