Icahn Poised To Pony Up $682M To Raise Transocean Stake

Law360, New York (January 14, 2013, 3:48 PM EST) -- Activist investor Carl Icahn has nearly doubled his stake in offshore drilling giant Transocean Ltd. and plans to pay another $682 million to drive it up even more and emerge as one of the company's largest shareholders, according to a Monday regulatory filing.

In his most recent share purchase, Icahn snapped up a 1.56 percent stake, bringing his total stake in the multibillion-dollar company to 3.26 percent. The billionaire, known for muscling his way into board rooms to force changes, said he is awaiting the regulatory...
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