Transocean Ltd. (RIG) Falls Following Public Offering Announcement

Group 1 - Transocean Ltd. (NYSE:RIG) experienced a share price decline of 8.67% from September 18 to September 25, 2025, making it one of the worst-performing energy stocks during that week [1] - The company announced a public offering of 125 million shares at a price of $3.05 per share, aiming to raise approximately $381.25 million in gross proceeds before expenses [3] - The underwriters were granted a 30-day option to purchase an additional 18.75 million shares at the public offering price, which will be used for debt repayment and general corporate purposes [4]