Transocean to buy Valaris in a USD 5.8bn all-stock deal, forming a ~USD 17bn EV offshore driller with 73 rigs (33 ultra-deepwater, 9 semis, 31 jackups). Valaris holders get 15.235 Transocean shares per share (USD 82.12, +31.6% premium). Close expected H2 2026. $RIG $VAL




