Valaris adds disclosures on Transocean deal after shareholder demands
VAL•Valaris issued supplemental disclosures on its proposed acquisition by Transocean after shareholder demands alleging incomplete deal information. The disclosures do not change the companies’ November 24, 2026, shareholder meeting date.
1. Additional deal disclosures
Valaris provided supplemental disclosures on its proposed acquisition by Transocean to address shareholder demands alleging incomplete information. The February 9, 2026, agreement provides for Transocean to acquire all outstanding Valaris common shares at an exchange ratio of 15.235.
2. Meetings unchanged
Neither company’s shareholder meeting date will change from November 24, 2026. No Valaris executive officers are expected to retain roles with Transocean after closing. Valaris denied disclosure deficiencies and said it provided the additional information voluntarily to reduce litigation risks and potential delays to completion.
