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News Breaks | | | | January 28, 2013 | | 14:58 EDT |  | RIG | Transocean can afford $4 dividend, says Wells Fargo
After Carl Icahn disclosed that he had obtained an aggregate 5.61% of Transocean's shares, and was pushing the company to pay a $4 per share dividend, Wells Fargo thinks the company could pay the dividend. The firm believes shareholders will back Icahn's proposal, and it maintains an Outperform rating on the stock. | |
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