Feb 9 (Reuters) - Transocean Ltd RIGN.BN:
TRANSOCEAN TO ACQUIRE VALARIS
VALARIS LTD - PROPOSED DEAL FOR $5.8 BILLION
VALARIS LTD - SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 15.235 SHARES OF TRANSOCEAN STOCK FOR EACH COMMON SHARE OF VALARIS
VALARIS LTD: TRANSOCEAN SHAREHOLDERS WILL OWN APPROXIMATELY 53% OF COMBINED COMPANY
VALARIS LTD - TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES AND IS EXPECTED TO CLOSE IN SECOND HALF OF 2026
VALARIS LTD - DEAL UNLOCKS MORE THAN $200 MILLION IN IDENTIFIED COST SYNERGIES
VALARIS LTD - TRANSACTION IMPLIES A COMBINED ENTERPRISE VALUE OF ABOUT $17 BILLION
Source text: ID:nGNX1Vt4PR
Further company coverage: RIGN.BN
((Reuters.Briefs@thomsonreuters.com;))
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