Transocean Announces Deal With Icahn Group
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) entered into an agreement with Carl Icahn and certain investment funds managed by Mr. Icahn. Under the terms of the agreement, Transocean's Board of Directors has agreed to propose and support at the Company's 2014 Annual General Meeting ("AGM") that the company's shareholders approve the following: A dividend out of additional paid-in capital in the amount of $3 per share, subject to applicable law; The re-election of Samuel Merksamer and election of Vincent Intrieri to its Board of Directors. Mr. Merksamer is
Transocean Receives Proposal from Carl Icahn
Transocean Ltd. 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 three 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. In response to Mr. Icahn's proposals, Transocean issued the following statement: In the interest of all of its
February 2025
