On October 6, Valaris Ltd rose 7.67% in regular trading, trading at $84.4 per share, with Turnover of $33.11 million.
This rise follows the clearance of Valaris' all-stock acquisition by Transocean by U.S. antitrust regulators. As detailed in a prior filing, the U.S. Department of Justice closed its investigation under the Hart-Scott-Rodino Act, with the waiting period expired, enabling the deal to proceed toward an anticipated Q4 closing. Under the agreement announced in February, Transocean will acquire Valaris for 15.235 shares per Valaris share, positioning the merged entity as the foremost global offshore drilling operator.
Valaris Limited, founded in 1975 and headquartered in Bermuda, offers offshore drilling services using a diversified fleet of drillships and rigs across major international markets.
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