Icahn takes Transocean stake, seeks more

Jan 14, 2013 | 04:36 PM | Thorsten Schier

Tags  Carl Icahn, Transocean, Deepwater Horizon, Capital Group, Thorsten Schier

NEW YORK — Investor Carl Icahn has taken a nearly 1.6-percent stake in Transocean Ltd., the world’s largest offshore drilling contractor, and is looking to add to his position.

Icahn also holds synthetic long positions in the company that would bring his stake to 1.7 percent and is seeking more than $682.1 million in shares, the company said. This would represent at least 3.5....

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