Transocean Shares Slip After Icahn Cuts Stake

By MarketsMarketWatch Pulse

Transocean Ltd. shares slipped in the extended session Wednesday after billionaire investor Carl Icahn cut his stake in the offshore drilling company. Transocean shares declined 0.4% to $9.98 after hours. In a Securities and Exchange Commission filing, Icahn reported he held a 1.5% stake in Transocean, or just under 5.5 million shares. In an August filing, Icahn reported owning about 21.5 million shares of Transocean.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below