Nov 29 (Reuters) - Transocean Ltd RIGN.VX (RIG.N), owner of the world’s largest offshore rig fleet, will sell 26 million shares in an underwritten public offer to buy back convertible notes and partially refinance its acquisition of Aker Drilling …
The U.S. Deepwater Offshore Oil Industry is a trainwreck ... Chevron will pay Transocean $148 million for contract termination fees. When this was published in the media, Transocean’s stock fell 5% that day. Lastly, at its peak of …
Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months ... by $800 million through cost-cutting efforts and other measures. The stock climbed in premarket trading. Icahn, a minority shareholder in …
Another curious event occurred when Goldman Sachs shorted Transocean stock immediately before the explosions sank the rig. This meant that preferred Transocean insiders had their stock values insured against the impending collapse of …
Transocean Sedco Forex Inc., already the world's biggest offshore oil-drilling contractor, said it agreed to buy R&B Falcon Corp. in a $5.3-billion stock deal that will leave it towering over its rivals and make it the dominant deep-water driller.
Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its deepwater equipment. The deal includes stock ...
Also included in the figure are stock options valued at $1.9 million and deferred shares valued at $2 million when those awards were granted in March 2010. Transocean's Deepwater Horizon oil rig explosion on April 20 in the Gulf of …
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing …
and it has lots of upside potential with several high-specification rigs ready to work. Add on top of that an absurdly cheap stock price, and Transocean is a stock worth revisiting.
The company could also face up to $20 billion in civil fines under the Clean Water Act. As for Transocean, its stock rose 7 percent following yesterday’s settlement announcement.