Transocean (RIG), Icahn Agree on Dividend, Board Structure
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Guggenheim Upgrades Transocean (RIG) to Buy
November 13, 2013 7:26 AM ESTGuggenheim upgraded Transocean (NYSE: RIG) from Neutral to Buy with a price target of $70.00 (from $56.00).
For an analyst ratings summary and ratings history on Transocean click here. For more ratings news on Transocean click here.
Shares of Transocean closed at $55.14 yesterday, with a 52 week range of $43.65-$59.50.... More
Transocean (RIG) is First Traditional Offshore Driller to Pursue MLP Initiative; Wells Comments on Icahn Deal
November 11, 2013 11:32 AM ESTOn Monday Transocean Ltd. (NYSE: RIG) announced that it entered into an agreement with Carl Icahn. As part of the agreement, Transocean announced a plan increase operational efficiency, targeting $800 million in cost cuts, an increase in the annualized dividend to $3.00 from $2.24, and the pursuit of an MLP with an IPO in mid-2014. In addition, Icahn increased... More
