We recently published 10 Big Names With Effortless Double-Digit Gains. Valaris Limited (NYSE:VAL) was one of the best performers on Monday. Valaris soared by 34.31 percent on Monday to finish at $83.82 apiece as investors gobbled up shares following news that it agreed to be acquired by Transocean Ltd. for $5.8 billion. In a joint statement, the companies said that they inked a definitive agreement for Transocean to acquire Valaris Limited (NYSE:VAL) in an all-stock transaction. The acquisition is expe ...

Transocean has entered into a definitive agreement to purchase Valaris through an all-stock transaction valued at around $5.8bn (SFr4.44bn). The agreement will create a combined offshore drilling company with a diversified fleet of 73 rigs including 33 ultra-deep-water drill-ships, nine semisubmersibles and 31 jack-ups. Upon completion of the deal, Transocean shareholders will hold around 53% of the combined group, while Valaris shareholders will account for roughly 47%. Pro forma enterprise value is p ...

Group 1 - The law firm Kahn Swick & Foti, LLC is investigating the proposed sale of Valaris Limited to Transocean Ltd, focusing on the adequacy of the price and process involved in the transaction [1] - Under the proposed terms, Valaris shareholders will receive 15.235 shares of Transocean stock for each share of Valaris they own [1] - KSF aims to determine if the consideration offered undervalues Valaris and whether the process leading to this transaction was adequate [1]

The oil and gas services industry is consolidating.Shares of Valaris (VAL +34.11%) soared on Monday after it struck a deal to be acquired by rival offshore driller Transocean (RIG +5.94%). By the close of trading, Valaris' stock price was up more than 34%. An enticing offer for investorsUnder the terms of the deal, Valaris shareholders would receive 15.235 shares of Transocean stock for each Valaris share they own. The all-stock merger values Valaris at roughly $5.8 billion, a premium of over 35% to the ene ...

Some of the winners from that rush into AI drove the market higher on Monday. Chip companies rose, for example, with Nvidia up 2.4% and Broadcom up 3.3%. They were two of the strongest forces pushing the S&P 500 upward.Kroger climbed 3.9% after the grocer named a former Walmart executive as its new chief executive officer.Transocean reversed an early loss and rose 5.9% after the offshore drilling company said it would buy Valaris in an all-stock deal valued at $5.8 billion. Valaris leaped 34.3%.On the losi ...

Deep-water oil rig owner Transocean Ltd. agreed to acquire rival Valaris Ltd. in an all-stock deal valued at $5.8 billion as offshore drilling activity heats up. The deal will create the world's largest offshore rig contractor by market value, with a fleet of 73 offshore rigs, including 33 ultra-deepwater drillships, nine semisubmersibles and 31 jackup vessels, the companies said Monday in a statement. Bloomberg's Scott Levine joins to discuss. ...

PresentationHello, and welcome, everyone joining today's Stronger Together Investor Call with Transocean and Valaris. [Operator Instructions] Please note, this call is being recorded, and we are standing by should you need any assistance. It is now my pleasure to turn the meeting over to David Keddington, Vice President and Treasurer at Transocean.David Keddington Thank you, Britney, and good morning, everyone. Welcome to our conference call to discuss today's exciting combination of Transocean and Valaris. ...

This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Monday. This is TheStreet’s Stock Market Today for Feb. 9, 2025. You can follow the latest updates on the market here in our daily live blog. Update: 4:00 p.m. ET Closing Bell The U.S. markets are now closed for today. After rising more than one percent intraday, Nasdaq (+0.90%) finished out best among major indexes. The Russell 2000 (+0.70% ...

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MILWAUKEE, Feb. 9, 2026 /PRNewswire/ -- Ademi LLP is investigating Valaris (NYSE: VAL) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Transocean. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Valaris stockholders will receive 15.235 shares of Transocean stock for each Valaris share. Upo ...