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Transocean RIG-3.55%decrease; red down pointing triangle agreed to acquire fellow offshore drilling services company Valaris VAL-3.39%decrease; red down pointing triangle in an all-stock deal worth $5 ...

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Valaris (VAL) +15.7% pre-market Monday after Transocean (RIG) agreed to acquire the company in an all-stock deal valued at ~$5.8B, creating an offshore drilling industry leader with a fleet of 73 rigs ...

Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. The transaction implies a combined enterprise value of ~$17B based on the stock’s most recent closing ...

Feb 9 (Reuters) - Oilfield services firm Transocean said on Monday it would acquire peer Valaris (VAL.N), opens new tab in an all-stock deal valued at $5.8 billion, expanding its exposure across ...