Transocean Ltd. (RIG) Reaches Deal with the ‘Icahn Group’

Transocean Ltd. (RIG), Carl Icahn and certain investment funds managed by Mr. Icahn (the “Icahn Group”) today announced an agreement that would see the world’s largest drilling contractor pay out a dividend, reduce the number of board seats and end a year-long proxy battle. Icahn, who holds a 5.61 percent stake in the offshore driller, [...] View the full post at: Transocean Ltd. (RIG) Reaches Deal with the ‘Icahn Group’ Related posts: Icahn Offers to Underwrite $6 Billion Loan To Cash-Strapped CIT Group Icahn Offers to Buy Certain Classes of Debt from CIT Group Bondholders Icahn and Motorola reach agreement