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Valaris Ltd
Valaris has scheduled shareholder meetings for November 24, 2026, to vote on its business combination with Transocean, followed by a court sanction hearing in Bermuda on November 26, 2026. Upon approval, Valaris shareholders will receive 15.235 Transocean shares for each Valaris share, with the transaction expected to close on or about December 1, 2026.…more
Valaris Ltd
Valaris and Transocean have scheduled their respective shareholder meetings for November 24, 2026, to vote on their business combination, followed by a court sanction hearing in Bermuda on November 26, 2026. Upon approval, Valaris shareholders will receive 15.235 Transocean shares for each Valaris share, with the transaction expected to close around December 1, 2026.…more
Valaris Ltd
Valaris and Transocean have received unconditional approval from the Brazilian competition authority (CADE) for their proposed business combination, effectively satisfying all regulatory conditions. Under the agreement, Valaris shareholders will receive 15.235 Transocean shares for each Valaris share, with the transaction expected to close in the fourth quarter of 2026.…more
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Valaris Secures $220M in New Contracts and Extensions
Valaris has announced approximately $220 million in new contract backlog, including a drillship agreement with Petronas. This development strengthens the company's revenue visibility through additional offshore service commitments.…more
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The U.S. Department of Justice has closed its antitrust investigation into the proposed business combination between Valaris and Transocean. Both companies now expect the merger to be finalized in the fourth quarter of 2026.…more
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