Transocean (RIG +1.2%) would be better off ignoring Carl icahn's call for a fatter dividend and...

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

Transocean (RIG +1.2%) would be better off ignoring Carl icahn's call for a fatter dividend and using some of its extra cash on acquisitions to upgrade its fleet and improve sales growth, some analysts say. Purchasing a company - such as ORIG or PACD - with more modern rigs could help trim RIG’s maintenance costs and allow it to charge higher rates to customers.