Valaris Merger With Transocean Nearing Completion; Q4 Closing Awaited
Valaris says its merger with Transocean is nearing completion, with Q4 closing expected pending final regulatory approvals. The outlook is bullish despite some margin compression from rising OPEX, supported by robust utilization and pricing power. A 2027 EBITDA target of $1.624 billion and a fair 10x multiple are cited, alongside a reported 52% total return since last October.