Carl Icahn to Use New Influence in Transocean to Create MLP
Carl Icahn's recent purchase of shares in Transocean to boost his ownership has led some to believe that he may use his influence to pressure the drilling company to form a MLP and take advantage of the tax free structure.
Seadrill Ltd, another offshore drilling company, already spun off assets to create Seadrill Partners LLC in October.
Watch the share price of Transocean start to increase now. Just the rumour alone will have enough power to increase its stock.
Thank you for registering with Oilprice.com
You have successfully joined the forum. You can now create topics and converse with other members.