Transocean sells shares to finance acquisition

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Source: Marketwatch
© Scanpix/Reuters

Transocean Ltd., oil drilling company, announced it is going to offer 26 million shares of common stock in order to raise finance for its recent acquisition. Shares of Transocean fell by 4.2% to $44 before the company said it plans to issue new shares that would represent about 8.9% of the total shares outstanding.

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Tue, 29 Nov 2011 15:39:21 GMT

FTSE 100 stays on positive trend

FTSE 100 index closed higher on Monday gaining 2.9 points or 148.11 points to 5,312.76, reflecting investor optimism towards European officials' ability to solve debt crisis. On Tuesday, however, FTSE 100 index opened slightly lower mirroring worries as S&P rating agency threatened to downgrade French AAA rating. During the day index regained 0.2% to 5,325.03, led by mining and financial companies. Randgold Resources Ltd. added

Tue, 29 Nov 2011 15:40:03 GMT

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