Transocean Gets Back in the Game

Switzerland-based Transocean (RIG) has caught investors' fancy this past week following the announcement that, after a five-year abstinence, the company will once again be returning to the S&P 500. The world's largest offshore drilling contractor will be replacing the recently privatized Dell after the market close Monday.

Transocean has been the center of controversy in recent years. Until 2007, its reputation had been solid, but that year the company merged with GlobalSantaFe and subsequently moved its headquarters to Switzerland in 2008. The move made the stock ineligible for inclusion in the S&P 500 at the time, and is share price plunged from a high of $160.30 in May 2008 to a low of $41.95 by the end of that year....411 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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