News Breaks |
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| September 10, 2012 |
| 05:15 EDT |  | RIG | Transocean in definitive agreements to sell 38 shallow water drilling rigs
Transocean announced that the company has reached definitive agreements to sell 38 shallow water drilling rigs to Shelf Drilling International Holdings for approximately $1.05B. The list of rigs to be acquired by Shelf Drilling in the transactions is provided as Appendix A. Shelf Drilling is a newly formed company sponsored equally by Castle Harlan, Inc., CHAMP Private Equity and Lime Rock Partners. The sales price includes approximately $855M in cash, subject to working capital and other closing adjustments, and $195M in seller financing. Seller financing will be in the form of preference shares issued by an affiliate of Shelf Drilling. As a component of the agreement, Transocean will provide various transition support services to Shelf Drilling for a period subsequent to the closing of the transactions. The transactions are expected to close in Q4 of 2012, subject to certain conditions. Related to the Shelf Drilling transactions, Transocean expects its Q3 of 2012 results to include a non-cash charge related to impairment of the long-lived assets or goodwill allocable to these assets. |
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News For RIG From The Last 14 Days Check below for free stories on RIG the last two weeks. |
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| May 23, 2013 |
| 12:24 EDT |  | RIG | Transocean management to meet with Jefferies
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| May 21, 2013 |
| 16:25 EDT | | RIG | Transocean announces first quarterly dividend installment of 56c per share
Transocean announced the schedule for the first installment of its U.S. dollar-denominated dividend of $2.24 per share, or approximately $807M in the aggregate, from additional paid-in capital. The first installment of 56c per share, or approximately $202M, is based upon the number of currently outstanding shares and represents the first of four quarterly installments totaling $2.24 per share, which was approved by shareholders at the company's Annual General Meeting held on May 17. The dividend will be paid on June 19 to shareholders of record on May 31. The ex-dividend date is May 29. |
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| 07:36 EDT | | RIG | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link |
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| May 17, 2013 |
| 13:53 EDT | | RIG | Transocean holders approve dividend, reject Icahn proposal
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| 13:50 EDT | | RIG | Icahn nominee wins seat on Transocean board
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| 12:28 EDT |  | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link |
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| 11:48 EDT | | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
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| May 16, 2013 |
| 12:47 EDT |  | RIG | Transocean EPS estimates lowered at Wells Fargo
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| May 15, 2013 |
| 16:48 EDT | | RIG | Icahn gives quarterly update on stakes
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| May 13, 2013 |
| 05:20 EDT | | RIG | Transocean Chairman J. Michael Talbert announces retirement plans
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| May 9, 2013 |
| 07:29 EDT | | RIG | Transocean comments on reports from proxy advisors support for board nominees
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