 On 15 August 2010, Transocean made a US$1.43 billion takeover bid for Aker Drilling.Under the transaction, Transocean made a voluntary NOK26.50 ($4.83) per share cash offer for all outstanding shares in the company.The company was delisted after the take over was completed in October 2011, and it was renamed Transocean Norway Drilling AS - a wholly owned subsidiary of Transocean.