Icahn Nominates 3 to Transocean (RIG) Board, Seeks $4/Share Dividend

March 7, 2013 7:12 AM EST Send to a Friend
Transocean (NYSE: RIG) announced that certain Funds affiliated with Carl Icahn submitted to the company for vote at its 2013 Annual General Meeting of Shareholders (AGM) a dividend proposal of $4.00 per share. Additionally, the Funds provided a notice of nomination of 3 director candidates for election to Transocean's Board of Directors at its 2013 AGM and a proposal to repeal the company's staggered board.

The Transocean Board of Directors will evaluate the proposals in due course.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Dividends, Hedge Funds

Related Entities

Carl Icahn, Dividend

Add Your Comment