Brief: Transocean To Acquire Valaris

Transocean

09/02/2026 13:07

Feb 9 (Reuters) - Transocean Ltd RIGN.BN:

TRANSOCEAN TO ACQUIRE VALARIS

VALARIS LTD - PROPOSED DEAL FOR $5.8 BILLION

VALARIS LTD - SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 15.235 SHARES OF TRANSOCEAN STOCK FOR EACH COMMON SHARE OF VALARIS

VALARIS LTD: TRANSOCEAN SHAREHOLDERS WILL OWN APPROXIMATELY 53% OF COMBINED COMPANY

VALARIS LTD - TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES AND IS EXPECTED TO CLOSE IN SECOND HALF OF 2026

VALARIS LTD - DEAL UNLOCKS MORE THAN $200 MILLION IN IDENTIFIED COST SYNERGIES

VALARIS LTD - TRANSACTION IMPLIES A COMBINED ENTERPRISE VALUE OF ABOUT $17 BILLION

Source text: ID:nGNX1Vt4PR

Further company coverage: RIGN.BN

 ((Reuters.Briefs@thomsonreuters.com;))