Fox Business - The Power to Prosper
Search Site

CVR Energy

Related Topics

  1. Western Refining
  2. Wisconsin Energy
  3. Dynegy
  4. Valero Energy
  5. Noble Energy
  6. Consol Energy
Get updates on CVR Energy
Transocean chairman voted out, $2.24/share dividend backed

ZUG, Switzerland (Reuters) - Transocean Ltd shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn to replace him on the board of the world's largest offshore drilling contractor.But shareholders rejected Icahn's proposed $4-per-share dividend and opted instead for the board-supported payout of $2.24 per share, the Switzerland-based company said.Transocean shares closed down 1.3 percent to $54.03 on the New York Stock Exchange. The Swiss shares closed 1.4 percent higher.Icahn, after disclosing his 5.6 percent Transocean stake in January, campaigned to shake up the board and extract a higher dividend that Transocean called "unsustainable," while offering the $2.24 per share in response.Icahn and Transocean spent the past few months making their cases to investors by attacking the others' director nominees and strategic plans. Transocean viewed the near-80 percent shareholder support for its dividend, and the b...

Read More ›

  1. Stocks Crushed as Fiscal Cliff Nears

    The U.S. stock market fell sharply to end the week on Friday as hopes for a compromise on fiscal cliff negotiations waned late in the day.The final hour of trade saw...

  2. Refinery Status: Chevron Receives Repair Permits -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  3. Refinery Status: Power Outage at Martizen -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  4. Refinery Status: Maintenance Underway at Borger -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  5. Refinery Status: Minimal Production Impact From -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  6. Refinery Status: Motiva Shuts Down Port Arthur -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  7. Refinery Status: CVR Energy Reports Shutdown at -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  8. Refinery Status: Total Shuts Down Port Arthur -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  9. Refinery Status: No Impact From Valero Three -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  10. Refinery Status: Small Fire at Motiva Refinery -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  11. Refinery Status: No Production Impact From -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  12. Refinery Status: Valero Reports Startup of Port -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  1. Transocean chairman to step down after Icahn attack

    Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between ...

  2. Icahn's Flip-Flop on Energy Exec Raises Eyebrows

    Carl Icahn has been fighting boards for so many decades that he may have forgotten which directors he likes and which ones he doesn't.In a move that is raising some ...

  3. Icahn Asks Transocean Holders to Back His Board Slate, Higher Dividend Proposal

    Activist investor Carl C. Icahn again urged Transocean Ltd. (RIG) shareholders to vote for his board slate and his proposed 79% annual dividend increase at the offsh...

  4. Activist Investor Icahn Raises Stake in Transocean to 5.6%

    Activist investor Carl Icahn increased his stake in Transocean Ltd. (RIG) to 5.6% and urged the company to declare a $4-a-share dividend, saying he believes the comp...

  5. Activist Investor Icahn Raises Stake in Transocean

    Activist investor Carl Icahn increased his stake in Transocean Ltd. (RIG) to 5.6% and urged the company to declare a $4-a-share dividend, saying he believes the comp...

  6. Refinery Status: FCC Unit To Undergo Maintenance -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

  7. Refinery Status: Motiva Compressor Trips at Port -2-

    The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both offic...

‹ Prev123Next ›
Freebase CC-BY
Source: CVR Energy on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL