Transocean to acquire Valaris for $5.8B in all-stock deal, creating 73-rig offshore drilling giant with $10B backlog during offshore upcycle.

Transocean Acquires Valaris in $5.8B All-Stock Deal, Creating World's Largest Offshore Driller

Transocean acquires Valaris for $5.8B, creating a 73-rig offshore drilling giant with $17B enterprise value and $10B backlog.

Transocean to Acquire Valaris for $5.8 Billion, Creating World's Largest Offshore Driller

Transocean buys Valaris for $5.8B in stock, creating a 73-rig offshore drilling giant with $17B enterprise value amid upcycle.

Transocean acquires Valaris for $5.8B in all-stock deal, creating 73-rig offshore drilling giant with $17B enterprise value and $10B backlog.

Transocean acquires Valaris in $5.8B all-stock deal, creating $17B offshore drilling giant with 60+ rigs. What it means for the deepwater upcycle.