Transocean mulls steps to navigate weak market
Zug, Switzerland (UPI) Aug 26, 2015 - Offshore rig company Transocean said it plans to cancel issuance of stock dividends and record $2.1 billion in impairments because of the weak market. The company, which has headquarters in Switzerland, announced plans to hold an emergency general meeting of shareholders in October to consider the cancellation of the third and fourth installments of its dividend. The company note ... more
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