Category: mergers and acquisitioins

Transocean and Valaris to combine in $5.8BN all-share deal Offshore drilling contractors Transocean Ltd (NYSE: RIG) and Valaris Limited (NYSE: VAL) have signed a definitive agreement to combine the two companies under a deal that will see Transocean acquire Valaris in an all stock transaction valued at approximately $5.8 billion. The shareholding percentages of the…