Transocean reported settlement would be very positive, says Wells Fargo Wells Fargo views the settlement details between Transocean and the Department of Justice as reported by the Wall Street Journal as very positive for the company. Wells notes the settlement amount is within Transocean's most recently indicated range of $2.0B. Wells believes Transocean will still have to settle private claims such as wrongful death and pain and suffering claims for killed and injured workers. The firm has an Outperform rating on the stock.
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.