Transocean Shares Trade at 2.1% Discount Versus Valaris Ahead of Next Move
Transocean Ltd. ended Friday at $5.20, which means the stock being offered for Valaris Limited is worth $79.22 per share using the set 15.235-to-one exchange rate. Valaris settled at $77.57. That leaves a $1.65 deal spread, or 2.1%, between Valaris’s price and Transocean’s proposed value.