4 Merger and Acquisitions Stock Stories for Investors to Savor
Transocean (NYSE:RIG): Closing price $53.93
The activist investor Carl Icahn returns: Transocean, the world’s biggest offshore rig contractor, reported that the billionaire investor and his affiliates have purchased a 1.56 percent interest in the firm and intend to expand that to more than 3 percent. Icahn notified Transocean that he is requesting regulatory approval to potentially buy shares worth more than $682.1 million. The move was 10 days after the company agreed to pay $1.4 billion in penalties for its role in a 2010 spill in the Gulf of Mexico.