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Transocean to buy offshore rig contractor Valaris in $5.8B all-stock deal (RIG:NYSE)

Seeking Alpha · last updated
Jackup Offshore Oil Rig

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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, including 33 ultra-deepwater drillships, nine semisubmersibles and 31