Shares of Transocean (RIG +2.6%) are stable today after the company prices its 26M share...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Shares of Transocean (RIG +2.6%) are stable today after the company prices its 26M share secondary offering at $40.50, just a 2.7% discount to Tuesday's close. The drilling giant is using the funds to help refinance its recent acquisition of Norwegian rival Aker Drilling ASA.