FBR Capital Cuts Price Target on Transocean (RIG), Keeps Bullish Rating
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Icahn Issues Open Letter to Transocean (NYSE: RIG) Shareholders; Proposes $4/Sh Dividend and 3 Directors
March 7, 2013 10:10 AM ESTCarl Icahn issues open letter to Transocean (RIG) shareholders:
Dear Fellow Shareholders of Transocean:
Today we delivered a formal letter to Transocean Ltd. informing them that I will be including the following items on the agenda at the Company's 2013 Annual General Meeting of Shareholders:
- A proposal to approve a $4 dividend per share to be paid in four equal quarterly installments,
- To elect three new directors, John J. Lipinski, Jose Maria Alapont and Samuel Merksamer, to the Board, and
- A proposal to repeal the Company's staggered board.
... More
Icahn Nominates 3 to Transocean (RIG) Board, Seeks $4/Share Dividend
March 7, 2013 7:12 AM ESTTransocean (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... More
Barclays Raises Aggressive Price Target on Transocean (RIG); More Catalysts Ahead
March 5, 2013 3:13 PM ESTBarclays bumped estimates and its priced target on Overweight-rated Transocean (NYSE: RIG) from $70 to $71 Tuesday following Q4 results and update.
The firm said the stock remains one of their favorite offshore drillers and despite several recent catalysts unfolding (settlement with the DOJ, the announcement of a... More
Deutsche Bank Maintains Sell on Transocean (RIG), Lowers PT to $45
March 5, 2013 9:51 AM ESTDeutsche Bank today maintained a Sell rating on Transocean (NYSE: RIG) and lowered its price target to $45.00 (from $49.00). Analyst said while earnings showed signs of progress, the company faced a number of issues.
"The announcement of $2.24/sh dividend struck the right balance... More
Carl Icahn Criticizes Transocean (RIG) on Dividend, To Propose At Least 3 to Board
March 4, 2013 3:43 PM ESTCarl Icahn amended 13D on Transocean (NYSE: RIG) criticizes the company for a low dividend payment and says he plans to nominate at least three to the board.
"We believe that Transocean's recent announcement further highlights a long track record of weak capital allocation strategy and their... More
Icahn Not Happy with Transocean (RIG) Dividend, Plans Director Slate - CNBC
March 4, 2013 11:34 AM ESTCarl Icahn not happy with Transocean (NYSE: RIG) dividend. Plans to introduce a slate of Directors - CNBC... More
Transocean (RIG) 'Quite Seriously' Looking at MLP-Like Structure
March 4, 2013 10:45 AM ESTDuring its conference call Monday following quarterly results, Transocean (NYSE: RIG) executives commented that the company was "quite seriously" looking at an MLP-like corporate structure.
Shares of Transocean are up 1.6 percent.... More
Transocean (RIG) Tops Q4 EPS by 9c
March 4, 2013 6:25 AM ESTTransocean (NYSE: RIG) reported Q4 EPS of $0.91, $0.09 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.37 billion.
For earnings history and earnings-related data on Transocean (RIG) click here.... More
