Offshore driller Transocean plunges after offering shares at a discount
Transocean Barents, an oil platform passes through Canakkale Strait as vessel traffic suspended in both directions in Canakkale, Turkiye on November 12, 2024.Shares of Transocean plunged Thursday after the offshore driller announced the sale of a large number of shares at a discount.Transocean is planning to sell 125 million shares at a price of 3.64. It is offering 25 million shares more than it originally planned.The Swiss company's stock was last down ...