Transocean Ltd , the owner and operator of the Deepwater Horizon drilling rig that exploded last year, will pay shareholders $1 billion in dividends even after the payout was blocked by a court ruling, the Sunday Times reported, without saying where it got the information.
Swiss authorities blocked the dividend in August because it expected litigation, according to the report. Zug, Switzerland- based Transocean plans to pay the dividend under a transaction that doesn’t require their approval, the newspaper said.
Swiss authorities blocked the dividend in August because it expected litigation, according to the report. Zug, Switzerland- based Transocean plans to pay the dividend under a transaction that doesn’t require their approval, the newspaper said.
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