Transocean Reaches $1.1 Billion Dividend Accord With Icahn

Nov. 11 (Bloomberg) -- Transocean Ltd., the world’s largest offshore rig contractor, will boost its dividend and cut costs as part of an agreement with Carl Icahn, months after winning a shareholder battle with the billionaire investor. Transocean shareholders, who rejected Icahn’s proposed $4- a-share dividend in May, will have the chance to vote on a $3 payout … [Read more...]

Icahn Applies Pressure to Transocean Board, Dividend Reinstated

(Bloomberg) -- Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn. The board will recommend an annual payout of $2.24 a share, about $800 million in total, Transocean said today in a statement. The Vernier, … [Read more...]

Transocean Shares Jump Almost 3 Percent After Icahn Suggests $4 Dividend

Jan. 25 (Bloomberg) -- Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at the next meeting if the board doesn’t act. Icahn, who holds a 5.61 percent stake in the company, has held talks with Transocean’s management and intends to have further discussions including about the possible … [Read more...]