DRILLING

Transocean does deal with Icahn

NOT so long ago, Transocean and Carl Icahn were at war over dividend payouts and board seat representation. What a difference a few months makes.

Noel Dyson

Transocean has suddenly announced that it has entered into an agreement with Icahn "and certain investment funds managed by" Icahn. Under the terms of that agreement, Transocean's directors have agreed...

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