AcquisitionFeb 9, 2026Pending
🇧🇲 Bermuda
VLValaris LimitedTTransocean Ltd.
Energy › Oilfield Services
Deal valueUndisclosed
AnnouncedFeb 9, 2026
ConsiderationStock
StructureNot stated
RegionNorth America
Cross-borderYes
Contingent paymentNo
Overview
Transocean Ltd. agreed to acquire Valaris Limited in a stock-for-stock business combination, with Valaris shareholders receiving 15.235 Transocean shares for each Valaris share and cash in lieu of fractional Transocean shares.
Deal rationale
The boards of Transocean and Valaris determined the business combination is in the best interests of their respective companies and shareholders.
AI-generated from the SEC filingPendingEnergy › Oilfield ServicesBermudaNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
EEvercore
Sell-side
GSGoldman Sachs
Parties
Target
VLValaris Limited
- Headquarters
- Bermuda
- Ticker
- —
Acquirer
TTransocean Ltd.
- Headquarters
- Switzerland
- Ticker
- —