NEW YORK (Reuters) - Transocean Ltd
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 October 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
(Reporting By Jessica Toonkel; Editing by Paul Tait and Stephen Coates)