Transocean's Brazil injunction impacts EPS by 5c a week, says UBS UBS said the impact to Transocean's as a result of the Brazilian injunction to cease operations will impact EPS 5c/share per week. The firm believes there is high risk that rigs will experience downtime and that Brazilian issue will continue to be an overhang. The firm rates shares a Buy with a $70 price target.
Transocean announces intention to delist from SIX Swiss Exchange Transocean announced its intent to delist its shares from the SIX Swiss Exchange. The company expects the SIX listing authorities to approve its delisting application prior to year-end and the related delisting to occur in Q1. The company will remain incorporated in Switzerland and its shares will continue to be listed and traded on the New York Stock Exchange.