NYSE:VALEnergy Services
Valaris Investors Weigh All Stock Transocean Deal And Fairness Review
Valaris (NYSE:VAL) is set to be acquired by Transocean in an all stock deal, combining two major offshore drilling contractors.
The transaction terms give Valaris shareholders equity in the combined company instead of cash.
A law firm has announced an investigation into whether Valaris's Board properly evaluated the deal and acted in shareholders' best interests.
Valaris operates offshore drilling rigs that support oil and gas exploration and production, a segment that remains closely tied...