TRANSOCEAN/SEDCO

Transocean Offshore, Inc. and Schlumberger Limited announced today that the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Acts of 1976, as amended, has been granted, effective August 16, 1999. This relates to the previously announced proposed merger of the offshore contract drilling business of Schlumberger (Sedco Forex Offshore) with Transocean Offshore.
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