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Friday, January 25, 2013

BRIEF-Icahn seeks $4/share dividend from Transocean, (NYSE: RIG)

Transocean Ltd : * Carl icahn says believes Transocean should return capital to shareholders, declare dividend of at least $4 per share -filing * Icahn says if Transocean does not declare dividend of at least $4 per share,he plans to propose $4 per share dividend at 2013 annual meeting * Icahn says nothing in filing should be viewed as indication that he intendsto consider public takeover of Transocean * Icahn holds more than 20 million Transocean shares, or about 5.6 percent oftotal - filing

Transocean Ltd. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. Shares of RIG traded higher by 2.09% or $1.16/share to $56.76. In the past year, the shares have traded as low as $39.32 and as high as $59.03. On average, 3214700 shares of RIG exchange hands on a given day and today's volume is recorded at 2796191.