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Transocean Receives Shareholder Proposal for $4.00/Share Dividend from Icahn Affiliated Funds

Transocean Ltd. (NYSE: RIG) today 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 3 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.FOR FURTHER INFORMATION PLEASE CONTACT: Guy Cantwell713-232-7647

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Posted-In: News Guidance Contracts Management Global

 

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