Why Valaris Limited Rocketed Over 40% This Week
Source: Motley Fool
2026-02-13 12:14:53 ET
Shares of Valaris (NYSE: VAL) rallied 48.1% this week through 11:50 a.m. Friday, according to data from S&P Global Market Intelligence .
On Monday, the company announced essentially a "merger of equals" with Transocean (NYSE: RIG) , a tie-up that would create the largest offshore oil rig company on the public markets.
Investors applauded the deal, looking forward to ample cost synergies that may de-risk the company going forward.
Transocean Ltd (Switzerland)
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