Mergers & Acquisitions ·
Transocean-Valaris merger sets Nov 24 shareholder vote and Nov 26 court sanction hearing for Dec 1 close
VALValaris Ltd
Valaris Limited filed a current report updating the status of its proposed business combination with Transocean Ltd. The companies have scheduled a joint special court-ordered meeting for Valaris shareholders and an extraordinary general meeting for Transocean shareholders to vote on the transaction on November 24, 2026. Following shareholder approval, a Sanction Hearing before the Supreme Court of Bermuda is set for November 26, 2026. If approved, the merger is expected to close around December 1, 2026, with Valaris shareholders receiving 15.235 shares of Transocean for each Valaris share held via a scheme of arrangement under Bermuda law. The company operates in the offshore drilling and rig contracting industry.