Before The Bell
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Transocean Ltd. (RIG) Jumped To A 10-Month High On Icahn News

RELATED NEWS
Trade RIG now with 
1/29/2013 8:00 AM ET

Activist investor Carl Icahn has said that the board of Transocean Ltd. (RIG: Quote) should declare a dividend of at least $4.00 per share. Icahn said if Transocean not declare a dividend of at least $4 per Share, he currently intends to propose a dividend of $4 per Share at the 2013 Annual Meeting, hoping that a majority of shareholders will support it.

Transocean gapped open higher Monday, but traded in a range for the majority of the session. The stock finished with a gain of 1.41 at $58.17 on above average volume. Transocean has been rising for nearly a month and set a 10-month high.

Click here to receive FREE breaking news email alerts for Transocean Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus