On the heels of a reduction in his largest energy holding, Icahn parted ways with most of his stake in Transocean (NYSE:RIG), the largest decliner of his five oil-related holdings, all of which are down substantially. Icahn sold 16 million shares of the British offshore oil driller Transocean on Friday and Wednesday, reducing his interest in the company from 5.88% to 1.5%, with 5,477,900 shares left over. With an average sell price of $9.59, Icahn realized an approximate 81.2% loss on the holdin...
On the heels of a reduction in his largest energy holding, Icahn parted ways with most of his stake in Transocean (NYSE:RIG), the largest decliner of his five oil-related holdings, all of which are down substantially. Icahn sold 16 million shares of the British offshore oil driller Transocean on Friday and Wednesday, reducing his interest in the company from 5.88% to 1.5%, with 5,477,900 shares left over. With an average sell price of $9.59, Icahn realized an approximate 81.2% loss on the holdin...
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