Transocean Shareholders Approve $1B Dividend, Elect Michael Talbert as Chairman

Transocean (RIG) announced today that its shareholders approved a dividend of approx. $1 billion at the 2011 Annual General Meeting held today at Cham, Switzerland. In addition, the company’s Board of Directors elected J. Michael Talbert as Chairman of the Board of Directors, replacing Robert E. Rose, who retired following the 2011 Annual General Meeting. Victor E. Grijalva also retired after the meeting.

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