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Director Mohn Frederik Wilhelm reported purchasing 4,000,000 shares of Transocean Ltd. (NYSE:RIG) on September 26, 2025, at a price of $3.05. The total value of the transaction amounted to $12,200,000. The purchase comes as the stock trades near InvestingPro’s Fair Value estimate, with the shares down about 14% over the past week. Analysts maintain price targets ranging from $2.50 to $5.50 for the offshore drilling contractor, which currently has a market capitalization of $3.3 billion.
The transaction was reported in a Form 4 filing with the Securities and Exchange Commission. Following the purchase, Mohn Frederik Wilhelm directly holds 22,148 shares and indirectly holds 95,074,894 shares through Perestroika (Cyprus) Ltd. Trading at just 0.36 times book value, InvestingPro data shows the stock offers potential value opportunities. Subscribers can access 8 additional ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Transocean Ltd . has made several strategic financial moves. The company announced a $500 million private offering of Senior Priority Guaranteed Notes with a 7.875% interest rate, expected to close around mid-October. This follows the launch of a cash tender offer by Transocean International Limited, a subsidiary, aiming to purchase up to $50 million of its outstanding notes, targeting specific series with higher interest rates. Additionally, Transocean is planning a public offering of 100 million shares, intending to use the proceeds primarily to manage existing debt. These actions are part of a broader strategy to improve liquidity, which has led S&P Global Ratings to revise its outlook on Transocean from negative to stable. The company’s recent equity issuances have raised approximately $195 million, addressing most of its 2025 exchangeable bonds. Furthermore, a recent equity issuance closed on September 26, providing $421 million in net proceeds. These developments reflect Transocean’s ongoing efforts to strengthen its financial position.
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