The Reclassification. At the Initial Effective Time, Transocean shall reclassify the outstanding Transocean Ordinary Shares into the number of Transocean Ordinary Shares and cash as described in Section 4.1, by way of a scheme of arrangement (the “Reclassification”).
Appears in 2 contracts
Sources: Merger Agreement (Globalsantafe Corp), Merger Agreement (Transocean Inc)