The deal timeline is now set with key dates (Nov 24 vote, Nov 26 court hearing, Dec 1 close). Monitor for any shareholder opposition or regulatory hurdles ahead of the vote. The stock should trade near the implied deal value based on Transocean's share price, with the spread reflecting residual closing risk.
Price Chart
Executive Summary
Valaris filed an 8-K and DEFA14A on October 23, 2026, announcing that the Sanction Hearing for its acquisition by Transocean (at 15.235 Transocean shares per Valaris share) is scheduled for November 26, 2026, with shareholder meetings on November 24, 2026. The company anticipates closing the deal on or about December 1, 2026, subject to shareholder and court approvals. This is a procedural update in a pre-announced M&A process with no new financial terms or surprises.
Key Facts
- Transocean will acquire all Valaris shares in exchange for 15.235 Transocean shares per Valaris share
- Valaris Court Meeting and Transocean Meeting both scheduled for November 24, 2026
- Sanction Hearing scheduled for November 26, 2026 at 11:00 a.m. Bermuda time
- Valaris anticipates closing on or about December 1, 2026 if all conditions satisfied
- Joint definitive proxy statement filed on October 14, 2026
Financial Impact
Acquisition consideration of 15.235 Transocean shares per Valaris share; no dollar value disclosed in filing
Risk Factors
- Shareholder vote fails at either Valaris or Transocean meeting
- Bermuda Court does not sanction the scheme at the Sanction Hearing
- Deal termination or delay due to regulatory or other conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 12 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (VAL) — Batch item 1 | 0001140361-26-040677 |
| Document: 0001140361-26-040677-index-headers.html | 0001140361-26-040674 |
| Document: 0001140361-26-040677-index.html | 0001140361-26-040677 |
| Document: 0001140361-26-040677.txt | 0001140361-26-040677 |
| 8-K Filing (VAL) — Batch item 5 | 0001140361-26-040674 |
| Document: 0001140361-26-040674-index-headers.html | 0001140361-26-040677 |
| Document: 0001140361-26-040674-index.html | 0001140361-26-040677 |
| Document: 0001140361-26-040674.txt | 0001140361-26-040677 |
| DEFA14A Filing (VAL) — Batch item 9 | 0001140361-26-040677 |
| Document: 0001140361-26-040677-index-headers.html | 0001140361-26-040677 |
| Document: 0001140361-26-040677-index.html | 0001140361-26-040677 |
| Document: 0001140361-26-040677.txt | 0001140361-26-040677 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | DEFA14A / 8-K | $92.63 | awaiting T+5 | — | $97.33 (+5.07%) |
Oct 14, 2026 11d ago | DEFA14A | $84.73 $91.72 | ▲ +8.25% | ▲ +7.80% | $97.33 (+14.87%) |
Oct 14, 2026 11d ago | 8-K | $84.73 $91.72 | ▲ +8.25% | ▲ +7.80% | $97.33 (+14.87%) |
Oct 14, 2026 12d ago | DEFM14A | $84.73 $91.72 | ▲ +8.25% | ▲ +7.80% | $97.33 (+14.87%) |
Sep 30, 2026 25d ago | DEFA14A | $79.56 $83.96 | ▲ +5.53% | ▲ +4.23% | $97.33 (+22.34%) |
Sep 30, 2026 25d ago | 8-K | $79.56 $83.96 | ▲ +5.53% | ▲ +4.23% | $97.33 (+22.34%) |
Jul 1, 2026 16w ago | DEFA14A | $72.46 $74.59 | ▲ +2.94% | ▲ +2.68% | $97.33 (+34.32%) |
Jul 1, 2026 16w ago | 8-K | $72.46 $74.59 | ▲ +2.94% | ▲ +2.68% | $97.33 (+34.32%) |
May 5, 2026 24w ago | DEFA14A | — | awaiting T+5 | — | — |
May 4, 2026 24w ago | 8-K | — | awaiting T+5 | — | — |
US Market Status
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