By BLOOMBERG NEWS JAN. Sedco investors received one share in Sedco Forex for each forex held. The shares were exchanged for 0. Schlumberger shareholders retained a 52 percent stake in the new company. Schlumberger is getting out of offshore rig rentals to concentrate on developing technology that gets more oil out of wells. The merger lets Transocean, the merger offshore driller, add to its fleet of deep-water rigs. Tell us what you think. Please upgrade your browser. Sections Home Search Skip to content Skip to navigation View mobile version. The New York Times window. Subscribe Now Log In 0 Settings. Close search Site Search Navigation Search NYTimes. Clear this sedco input. Continue reading the main story. Business Tech Forex Health Sports Transocean Obituaries Today's Paper Corrections. Sedco Today's Opinion Op-Ed Forex Editorials Contributing Writers Op-Ed Contributors Opinionator Letters Sunday Review Taking Note Room for Debate Public Merger Video: Events Guide Television Transocean Video: Events Guide Blogs Multimedia Photography Video Transocean Store Merger Journeys Subscribe Manage My Account. Subscribe Subscribe Home Delivery Digital Subscriptions Crossword Email Newsletters Alerts Gift Subscriptions Corporate Subscriptions Education Rate Mobile Applications Replica Edition.