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Business News on March 17, 2013

Transocean Ltd. Board of Directors Concludes Carl Icahn's Proposed Dividend and Director Nominees Are Contrary to the Best Interests of Stakeholders
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that its Board of Directors has reviewed the proposals submitted by certain Funds affiliated with Carl Icahn for vote at its 2013 Annual General Meeting of Shareholders. Mr. Icahn proposed a dividend of $4.00 per share and nominated three candidates (John J MarketWire

STATS ChipPAC Announces Expiration and Final Results of the Exchange Offer for Its 7.5% Senior Notes Due 2015
STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) (SGX: S24), a leading provider of advanced semiconductor packaging and test services, today announced the expiration and final results of its private offer to exchange (the "Exchange Offer") any and all of its outstanding $600.0 million principal amount of 7 MarketWire

Ericsson and Telstra successfully trial 1Tbps optical link

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