SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: March 7, 1995
READING & BATES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-5587 73-0642271
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
901 Threadneedle, Suite 200, Houston, TX 77079
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 496-5000
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 - Press Release dated March 7,
1995 - Appointment of Morgan
Stanley & Co. Incorporated to
serve as financial advisor.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed
on its behalf of the undersigned thereunto duly authorized.
READING & BATES CORPORATION
By /s/T. W. Nagle
---------------------
T. W. Nagle
Vice President &
Chief Financial Officer
Dated: March 7, 1995
EXHIBIT 99
For additional information, please contact: Mr. Charles R. Ofner
(713) 496-5000
March 7, 1995 Houston, Texas.....Reading & Bates Corporation
(RB-NYSE) announced today that it has engaged Morgan Stanley & Co.
Incorporated to serve as its financial advisor with respect to
the evaluation of the unsolicited merger proposal Reading & Bates
recently received from Sonat Offshore Drilling Inc.
Reading & Bates is a New York Stock Exchange listed company,
providing offshore drilling services throughout the world. Its
wholly owned subsidiary, Reading & Bates Development Co.,
provides technical, construction and project management services
and floating production systems to the upstream offshore oil and
gas industry worldwide.
