News Breaks |
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| January 25, 2013 |
| 17:13 EDT |  | RIG | Icahn reports 5.61% stake in Transocean, urges $4.00 per share dividend
Icahn acquired the shares in the belief that they were undervalued at current levels. Icahn has had conversations with management of Transocean and intends to have further discussions with management. Icahn strongly believes that Transocean should return capital to shareholders and should declare a dividend of at least $4.00 per share. Icahn notes that under Swiss law and the Issuer’s Articles of Association, a shareholder has the right to propose a dividend at a company’s annual meeting, and if a majority of shareholders support the proposal, the dividend is declared, whether or not the company’s board supports such proposal. If Transocean’s Board does not declare a dividend of at least $4 per Share, Icahn currently intends to propose a dividend of $4 per share at the 2013 Annual Meeting and have every hope and belief that a majority of shareholders will support it. In addition to conversations relating to capital allocation and shareholder value, Icahn plans to have additional discussions with management to discuss the Transocean’s business and strategies, as well as the possible addition of shareholder selected nominees to the Board of Directors. |
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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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