Sedco, Inc. - Specimen Stock Certificate - Transocean & Forex
Inv# SE4134 Specimen Stock
Texas
Specimen Stock printed by Security-Columbian Banknote Company. In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger, through a $3.2 billion stock transaction in which Schlumberger shareholders received Transocean shares. Sedco Forex itself was formed from the merger of two drilling companies: the Southeastern Drilling Company (Sedco), founded in 1947 by Bill Clements and acquired by Schlumberger in 1985 for $1 billion, and Forages et Exploitations Pétrolières (Forex), a French drilling company established in 1942 in German-occupied France to operate in North Africa. Schlumberger first acquired a stake in Forex in 1959, taking full control in 1964 and renaming it the Forex Neptune Drilling Company.
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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