Transocean bows to Icahn

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Transocean bows to Icahn

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Transocean bows to Icahn

by CNBC Videos 2:21 mins

The "Squawk on the Street" discuss the deal between Carl Icahn and Transocean to resolve is proxy battle. CNBC's Jim Cramer says Transocean is a long term play but not his favorite.

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