Mergers & Acquisitions ·
Transocean and Valaris set Nov 24 shareholder votes for $15.235 share merger
RIGTransocean Ltd.
Transocean Ltd. and Valaris Limited have scheduled their respective shareholder meetings for November 24, 2026, to vote on the proposed business combination. Under the terms of the agreement, Transocean will acquire all outstanding common shares of Valaris in exchange for 15.235 shares of Transocean stock per Valaris share. Following shareholder approval, a court sanction hearing is scheduled for November 26, with consummation anticipated around December 1, 2026. Transocean Ltd. operates as an offshore contract drilling contractor providing floating drilling rigs and related services to the global oil and gas industry.