
Transocean to Take Over Valaris Limited in $5.8 billion Share Deal
Transocean will acquire Valaris Limited in a $5.8 billion all-stock deal, forming a 73-rig offshore driller with ~$17 billion enterprise value and ~$10 billion combined backlog.

Transocean will acquire Valaris Limited in a $5.8 billion all-stock deal, forming a 73-rig offshore driller with ~$17 billion enterprise value and ~$10 billion combined backlog.

Noble Corporation plc will sell six jackup rigs for about $424 million, with five units going to Borr Drilling Limited and one to Ocean Oilfield Drilling, leaving Noble focused on deepwater and ultra-harsh jackups.
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