By: Benzinga
Transocean Board Says Carl Icahn's Proposed Dividend and Director Nominees Not in Best Interest of Shareholders
Transocean Ltd. (NYSE: RIG ) today announced that its Board of Directors has reviewed the proposals submitted by certain Funds affiliated with Carl Icahn for vote at its 2013 Annual General Meeting of Shareholders. Mr. Icahn proposed a dividend of $4.00 per share and nominated three candidates (John J.
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