Barclays Raises Aggressive Price Target on Transocean (RIG); More Catalysts Ahead
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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
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
FBR Capital Cuts Price Target on Transocean (RIG), Keeps Bullish Rating
March 5, 2013 8:09 AM ESTFBR Capital cut its price target on Transocean (NYSE: RIG) from $68 to $60 but maintained an Outperform rating.
The firm comments, "In our view, the de-risking story continues to play out with the settlement of civil and criminal liabilities related to the... 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
