Transocean to acquire Valaris in $5.8B all-stock deal

Transocean to acquire Valaris in $5.8B all-stock deal Proactive uses images sourced from Shutterstock Transocean (NYSE:RIG) and Valaris (NYSE:VAL) announced on Monday that they have entered a definitive agreement to combine the two offshore drilling companies, with Transocean acquiring Valaris in an all-stock transaction valued at approximately $5.8 billion. Under the agreement, Transocean shareholders are expected to hold about 53% of the combined company on a fully diluted basis, while Valaris sharehol ...