Icahn Seeks Ouster Of Transocean Chairman, Board Members

Law360, New York (March 7, 2013, 5:44 PM EST) -- Carl Icahn is enjoying his moment in the spotlight. On Thursday, the same day he shook up the Dell Inc. buyout, the billionaire investor said he wants to toss three board members, including the chairman, of Transocean Inc., the world's biggest owners of offshore oil rigs.

In an open letter to the rig owner's shareholders, Icahn, who owns 5.6 percent of Transocean, said he will nominate three directors, push for a $4-per-share dividend — well above the $2.24 proposed by the company — and seek to...
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