Transocean Ltd. (NYSE: RIG) announced that the common unitholders of Transocean Partners LLC approved, during a special meeting held on 6th December, the merger agreement, as amended, among Transocean Ltd., Transocean Partners and certain subsidiaries of Transocean Ltd., and the related merger.

Transocean expects to issue approximately 23.8 million shares associated with the transaction. Closing is expected on or around December 9, 2016.