Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion ...Middle East

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B, where Valaris shareholders will receive 15.235 shares of Transocean stock for each VAL share owned, representing a 31.6% premium based on the previous closing price. Transocean will own a 53% stake in the combined firm and Valaris will hold the remaining 47%. The transaction implies a combined enterprise value of ~$17B based on the stock’s most recent closing prices.  The new entity is set to become…

Hence then, the article about transocean to buy offshore rig contractor valaris for 5 8 billion was published today ( Monday 09/02/2026 - 11:42 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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