Global Marine and Santa Fe Obtain UK Merger Clearance

Global Marine Inc. and Santa Fe International Corporation announced that they have obtained U.K. merger clearance. The U.K. Secretary of State for Trade and Industry has decided, on the information presented before her, and in accordance with the recommendation of the Director General of Fair Trading, not to refer the proposed merger involving Global Marine and Santa Fe International to the Competition Commission under the provisions of the Fair Trading Act 1973.