BRIEF-Transocean To Acquire Valaris

Reuters02-09 21:07
BRIEF-Transocean To Acquire Valaris

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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