Transocean said in a statement that shareholders also voted in favour of the board-supported dividend of $2.24 per share, while rejecting a $4-per-share payout proposed by Icahn.

Icahn, after disclosing a 5.6% Transocean stake in January, set out on a campaign to shake up the board and extract a higher dividend. Transocean had called his proposed dividend "unsustainable" and offered the $2.24