HOUSTON, Nov. 30 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC) (the
"Company") announced that a total of 369,307.049 shares, out of a total of
369,343.099 outstanding shares, of its 13-7/8% Senior Cumulative Redeemable
Preferred Stock have been tendered in the cash tender offer by the Company for
such Preferred Stock. The tender offer, which commenced on October 27, 2000,
expired at 5:00 p.m. (Eastern Time) on Wednesday, November 29, 2000. The
Company has accepted all of the tendered shares under the terms of the tender
offer. The settlement date for payment of the tender offer price of
$1,300 per share will be Friday, December 1, 2000. The remaining 36.05 shares
of Preferred Stock that were not tendered in the tender offer will be redeemed
on December 15, 2000 at a price of $1,156.09 per share.
SOURCE R&B Falcon Corporation
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CONTACT:
R&B Falcon Corporation, 281-496-5000
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