Transocean Receives Shareholder Proposal
ZUG, SWITZERLAND -- (Marketwire) -- 03/07/13 -- Transocean Ltd.
(NYSE: RIG) (SIX: RIGN) 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.
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