GlobalSanta Fe (GSF) volatility Flat into close of RIG merger (si)

Mon. November 26, 2007; Posted: 11:01 AM

NEW YORK, Nov 26, 2007 (StreetInsider.com) GlobalSanta Fe (NYSE: GSF | charts | news | PowerRating) : GSF is offshore oil and gas drilling contractor, owning or operating a drilling fleet of 37 premium jackup rigs, six heavy-duty, harsh environment jackups and 11 semisubmersibles. GSF and RIG are expected close their merger this week. On 7/23/07 GSF announced RIG shareholders will receive $33.03 in cash and 0.6996 shares of the combined company for each share of RIG they own. GSF over all option implied volatility is at 34 according to Track Data. Paul Foster

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