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New York, NY -- (SBWIRE) -- 03/18/2013 -- StockRunway.com issues special report on the Active Market Movers on Trader’s List – Transocean LTD (NYSE:RIG), Icahn Enterprises LP (NASDAQ:IEP)
The Vernier, Switzerland- based Transocean LTD (NYSE:RIG) reported that its board of directors wants investors to vote against billionaire investor Carl Icahn dividend proposal and 3 director nominees.
The offshore rig contractor reported in a statement that the board considers the dividend proposed by Mr. Icahn would adversely affect the firm’s ability to operate and compete effectively in a cyclical and capital-intensive industry.
Can Investors Bet on RIG after this News update? Find out in this Research Report
Transocean’s major shareholder Carl Icahn proposed March 7 that John Lipinski, Jose Maria Alapont and Samuel Merksamer be added to the board. Billionaire Carl Icahn will also ask investors at the yearly meeting on May 17 to vote in favor of a $4 per share yearly dividend.
Icahn Enterprises LP (NASDAQ:IEP) announced a sharp drop in fourth-quarter profit on Friday, in spite of higher revenues. Also board of New York based Icahn Enterprises reported higher yearly distribution to $4.00 per depository unit.
Quarterly net income attributable to company was $6 million; considerably low from $260 million or $2.81 a LP unit in a year earlier.
Is IEP a Solid Investment at These Levels? Read This Report For Details
Icahn Enterprises reported that its recent-quarter results were negatively impacted by planned turnarounds at CVR Energy’s Wynnewood plant and Coffeyville fertilizer facility.Quarterly revenues surged to $4.2 billion from $3.2 billion in same quarter a year earlier.Earlier this week, Icahn Enterprises announced that it had entered into a major pact with Dell Inc (NASDAQ:DELL).
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