Offshore drilling contractor Transocean has finally come to terms with activist shareholder Carl Icahn, announcing a deal that will see the Swiss-based company raise its dividend and downsize its board of directors. The agreement involves increasing Transocean's dividend from the current $2.24 per share to $3. Icahn had been pushing for a dividend of $4/share since acquiring a 5.6% stake in January (OD Jan.15'13).
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