* Icahn seeks 5 percent stake in firm
* Move would make Icahn a top Transocean shareholder
NEW YORK Jan 13 Transocean Ltd has
disclosed that billionaire activist investor Carl Icahn has
acquired a 1.56 percent stake in the offshore rig contractor and
is looking to increase that holding.
Icahn is seeking regulatory approval to acquire shares worth
more than $682.1 million, according to a statement on
Transocean's Web site.
If he gets approval, Icahn would become one of Transocean's
largest shareholders with just over 5 percent of the company,
based on its closing stock price of $54.09 on January 11.
Transocean's biggest shareholder is Capital World Investors,
a division The Capital Group Companies Inc, which owned 5.12
percent as of Oct. 15, according to Thomson Reuters
Icahn's move comes less than two weeks after Transocean
agreed to pay $1.4 billion to settle U.S. government charges
over BP Plc's massive Gulf of Mexico oil spill in 2012
. Transocean employed nine of the 11 workers
killed in the accident.