NYSE:RIGEnergy Services
Transocean Valaris Merger Reshapes Offshore Drilling And Investor Thesis
Transocean (NYSE:RIG) has agreed to acquire Valaris in an all stock merger, creating what management describes as the world’s largest offshore drilling company.
The deal brings together two major offshore drillers and combines their rig fleets, geographic reach, and customer bases.
The companies highlight expected cost synergies and a larger, more diversified contract portfolio as key benefits of the transaction.
For you as an investor, this move comes with NYSE:RIG trading at $5.44, after...