NEW YORK, NY / ACCESSWIRE / September 5, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or the "Company") (NYSE:RIG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Transocean and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On September 3, 2024, Transocean announced that it had it agreed to sell the Development Driller III drillship and associated assets for $195 million and the Discoverer Inspiration drillship and associated assets for $147 million, as part of the Company's effort to dispose of non-strategic assets. The Company further announced that the sales would results in an estimated third-quarter non-cash charge of $630 million to $645 million associated with the impairment of the assets.
On this news, Transocean's stock price fell $0.42 per share, or 8.86%, to close at $4.32 per share on September 3, 2024.
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SOURCE: Pomerantz LLP