Transocean offers $1.43 bn for Norway
Zurich - AFP
Global offshore drilling group Transocean said Monday it will offer $1.43 billion (998 million euros) to acquire Aker Drilling, which currents runs two rigs in Norwegian waters. Swiss domiciled Transocean said in a statement that it would offer 26.50 Norwegian krone per share for the Norwegian company, a 62 percent premium on Aker Drilling\'s 30-day average share price. Shareholders representing 60.5 percent of Aker Drilling as well as its board of directors have given the go-ahead for the purchase, Transocean said. Transocean shares rose 5.59 percent during the morning, to trade at 44.52 francs per share at 830 GMT in the Swiss stock market.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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