Why Valaris Limited Stock Took it on the Chin Today

What a difference one week is making in the life of offshore contract drilling services specialist Valaris Limited (NYSE: VAL). A mere eight days after announcing it was being acquired for a premium, the company's share price fell by more than 7% on Tuesday. Investors were disquieted by the delay in their company's latest earnings release, and were likely concerned about the acquirer's share price slide during that trading session. Post-acquisition adjustments Before market open that morning, Valaris an ...